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Prudential Concerns

The conduct risks that follow from organizational culture are not typically treated as matters of prudential concern, impacting the safety and soundness of the financial system. Yet, as Credit Suisse attests, deposit flight is rapid when customers and investors lose faith in management, and this faith can be lost after persistent misconduct scandals. As such, conduct risk governance is an underappreciated prudential matter.

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Bank of England to Relax Regulations

by Starling Insights

Observations

Jan 15, 2025

In a recent hearing before the UK House of Lords Financial Services Regulation Committee, Sam Woods, Deputy Governor for Prudential Regulation at the Bank of England, announced plans to ease the regulatory burden on firms, as reported by the Financial Times.

The 2024 Compendium is available June 11th!

Now in its 7th year, Starling's Compendium features over 40 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

An Interview with Andrea Enria

by Andrea Enria

Compendium

Jun 11, 2024

The spring 2023 banking turmoil confirmed the necessity of strong internal governance and risk culture within firms, beyond post-crisis regulatory reforms. Regulatory measures like increased capital and liquidity requirements set important safeguards but are insufficient without effective internal checks and balances. The focus should shift to ensuring sound risk culture and governance to prevent future crises and systemic risks.