Staff Reports
Corporate Governance and Banks: What Have We Learned from the Financial Crisis?
2014 June 2011 Number 502
JEL classification: G01, G21, G32, G39

Authors: Hamid Mehran, Alan Morrison, and Joel Shapiro

Recent academic work and policy analysis give insight into the governance problems exposed by the financial crisis and suggest possible solutions. We begin this paper by explaining why governance of banks differs from governance of nonfinancial firms. We then look at four areas of governance: executive compensation, boards, risk management, and market discipline. We discuss promising solutions and areas where further research is needed.

Available only in PDF pdf  44 pages / 263 kb
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