Post-Crisis Corporate Culture and Governance in Banking

20 Pages Posted: 6 Jun 2019 Last revised: 17 Feb 2020

See all articles by Anjan V. Thakor

Anjan V. Thakor

Washington University, Saint Louis - John M. Olin School of Business; European Corporate Governance Institute (ECGI)

Date Written: April 25, 2019

Abstract

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.

Keywords: financial crises, bank regulation, corporate governance, compensation, bank culture

JEL Classification: G3, G01, G21

Suggested Citation

Thakor, Anjan V., Post-Crisis Corporate Culture and Governance in Banking (April 25, 2019). European Corporate Governance Institute – Finance Working Paper No. 658/2020, Available at SSRN: https://ssrn.com/abstract=3390203 or http://dx.doi.org/10.2139/ssrn.3390203

Anjan V. Thakor (Contact Author)

Washington University, Saint Louis - John M. Olin School of Business ( email )

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Campus Box 1133
St. Louis, MO 63130-4899
United States

European Corporate Governance Institute (ECGI) ( email )

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1000 Brussels
Belgium

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