11/13/2024 | News release | Distributed by Public on 11/12/2024 19:45
Why it matters: More than 15 years after the great financial crisis, the financial industry's culture and conduct remain very much in the headlines. Has nothing changed?
Big picture: A lot has indeed changed, though bad actors still manage to prevail at times. Maintaining good culture and conduct relies on the collective efforts and responses of financial institutions, regulators, and customers.
Call to action: We itemize a list of steps for senior management and boards of directors to establish and sustain a strong culture and ethical conduct within their institutions.