New Evidence Shows How Gender Diversity Improves Banking Culture

In the past decade, a larger-than-ever number of scandals and fraud episodes led to the world’s largest banks being hit with an unprecedented number of misconduct fines. The incidents giving rise to such costs represent a financial and reputational threat to each financial institution, as the costs can be very high, and can ultimately threaten financial stability and erode trust in the financial sector. For these reasons, preventing bank misconduct is a top priority for international regulators and policymakers, and several rules aiming at offering solutions, by better regulation or enforcement, were recently enacted.

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