by Klaas Knot
Compendium
May 15, 2022There is a saying: “lessons in life will be repeated until they are learned”. The lessons of the 2008 global financial crisis led to the creation of the Financial Stability Board (FSB) to coordinate the international responses to address the fundamental weaknesses that the crisis laid bare. These reforms have served the financial system well, as it has shown resilience when it has been confronted in recent years by very different crises ... (cont)
Compendium
Apr 10, 2018Compendium
Apr 10, 2018Regulators and bankers agree that establishing a good firm culture starts with the values and attitudes displayed by those in leadership. In a 2017 analysis, the FSB found that around half of banks surveyed reported that the “tone at the top” was viewed as one of three principal means of preventing misconduct. Similarly, E&Y and the Institute of International Finance found that 90 percent of risk executives at global banks believed ... (cont)
