Post-Crisis Corporate Culture and Governance in Banking

Post-Crisis Corporate Culture and Governance in Banking

Anjan Thakor

Series number :

Serial Number: 
658/2020

Date posted :

February 17 2020

Last revised :

February 17 2020
SSRN Share

Keywords

  • financial crises • 
  • bank regulation • 
  • Corporate governance • 
  • Compensation • 
  • bank culture

This paper provides a brief assessment of how ethics, culture and corporate governance have evolved in banking since the financial crisis. It concludes that we need to strengthen capital ratios and equity governance in banking to improve ethics and culture, and de-emphasize liquidity regulation.

It also advocates the embrace of authentic organizational higher purpose in banking as a way to foster stability and growth.

View full abstract

Authors

Professor
Real name:
Anjan Thakor
Research Member
John M. Olin School of Business, Washington University, St. Louis