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Systemic Idiosyncracies

Non-financial risk governance failures are often taken to be idiosyncratic and unique to a given firm and circumstance. Yet these events regularly reflect a shared set of persistent and recurrent underlying culture drivers. Specific manifestations should thus be viewed as ‘uniquely similar’ in at least some of their root-causes. These, in turn, must be recognized as representing systemic risk concerns deserving of supervision.

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Culture & Consequence: The Case for Change

by Elizabeth Broderick

Compendium

Jun 11, 2024

Workplaces must prioritize safety and respect for all employees as a matter of human rights. The need for proactive steps, transparency, and strong leadership to build healthy cultures that boost performance and promote fairness is very important.

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.

2024 Update | United States - Part 1: Background

by Starling Insights

Compendium

Jun 11, 2024

Bank failures in 2023, notably Silicon Valley Bank and Signature Bank, exacerbated the largest decline in positive sentiment among US banks in five years. Key concerns include financial stability, governance, misconduct, and risk management practices. Advocates for reform have focused on improving corporate governance and supervisory practices to address these systemic issues and promote psychological safety and ethical behavior in banking culture.