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Gary Cohn

As Assistant to the President for Economic Policy and Director of the National Economic Council (2017-2018), Gary Cohn managed the US economic policy agenda, stimulating economic expansion, job creation, and wage increases through historic tax and regulatory reform. Prior to that he was the President and Chief Operating Officer at Goldman Sachs where he worked for more than 25 years.

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Klaas Knot

Klaas Knot is President of De Nederlandsche Bank and is the Chair of the Financial Stability Board. He is also a member of the Governing Council and the General Council of the European Central Bank, member of the European Systemic Risk Board, member of the International Monetary Fund's Board of Governors and a member of the Board of Directors of the Bank for International Settlements.

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Culture & Conduct Risk: Singapore Sets the Pace for Peers

Culture & Conduct Risk: Singapore Sets the Pace for Peers

by Stephen Scott, Mark Cooke

Jun 05, 2021

Thoughts

MAS ABS Singapore Culture & Conduct Supervision Regulatory Trends Culture for Regulators Cross-Border Collaboration Public-Private Partnership Innovation & Technology Innovative Approaches Transformational Leadership

Financial sector regulators are placing increased emphasis on company culture and the conduct risks and consumer harm that it may promote. Among global peers, Singapore is setting the pace for effective governance of such risks, say Starling’s Stephen Scott and Mark Cooke.

Last month, Starling released its 4th annual Compendium – a series of reports tracing an evolution in thinking among global regulators, central bankers, policymakers and investors regarding the governance of culture and conduct related risks in the financial sector. Clear trends have emerged, as reflected in three of the key takeaways from this year’s report:

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