G-30 call for better scrutiny of bank boards

Boardroom table

The supervision of boards of directors in financial institutions needs to be improved, according to a report released by the Group of 30 (G-30), a think-tank of former financial leaders.

The report, entitled 'A New Paradigm: Financial Institution Boards and Supervisors', calls for changes in the ways supervisors and boards of directors work together. In particular, this includes supervisors having a greater role in assessing the culture of firms, as well as boards focusing more on risk culture

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