
NY Fed’s Stiroh: ‘cultural capital’ at risk in pandemic
Risk USA: remote working could “erode” the culture of financial firms, says senior regulator

The shift to remote working as a result of the Covid-19 pandemic is threatening to erode the organisational culture of financial firms – potentially heightening the risk of misconduct, a senior regulator at the Federal Reserve Bank of New York said today (November 16).
Kevin Stiroh, executive vice-president and head of the supervision group at the New York Fed, pointed to a range of factors related to the pandemic that could deplete “cultural capital” – which he described as an “intangible
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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk management
Investing
From ‘cottage industry’ to quant-ready prop data at JP Morgan
Unique information now “table stakes” for brokers as they compete for new clients
Receive this by email