Governance & Culture Reform

New York Fed
About This Initiative

The New York Fed's Governance & Culture Reform initiative is designed to foster discussion about corporate governance and encourage the continued improvement of culture and conduct in the financial services industry.

The Path Ahead

“The journey toward reforming culture in the banking and financial services industry is a long one. And there’s no single action that a regulator or a bank can take to make it happen. Getting it right is going to require the will and expertise of regulators, financial services firms, academics, and practitioners. And while changing organizational culture is a long-term, complex, and challenging task, I’m optimistic that we can and we will make progress. And the Federal Reserve Bank of New York is committed to being a partner on that journey.”

-- New York Fed President and CEO John C. Williams, “Banking Culture: The Path Ahead” (June 2019)


Except where expressly indicated, none of these materials necessarily represent the views of the New York Fed or any other part of the Federal Reserve System.

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