Sarbanes-Oxley must reduce bank failures, says FDIC inspector-general

Regulatory Update

Inadequate corporate governance is at the heart of the most costly bank failures, according to Gaston Gianni, FDIC inspector-general, who is responsible for analysing and reporting FDIC’s management and performance challenges. Gianni said that in two material loss reviews completed in 2003, as well as other material loss reviews conducted since 1993, it was concluded that ineffective corporate governance was the primary cause.

In his testimony to the hearing on oversight of the FDIC to the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here