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Title:Corporate governance and banks: What have we learned from the financial crisis? : Hamid Mehran; Alan Morrison; Joel Shapiro PDF Logo
Authors:Mehran, Hamid
Morrison, Alan
Shapiro, Joel
Issue Date:2011
Series/Report no.:Staff Report, Federal Reserve Bank of New York 502
Abstract:Recent academic work and policy analysis give insight into the governance problems exposed by the financial crisis and suggest possible solutions. We begin this paper by explaining why governance of banks differs from governance of nonfinancial firms. We then look at four areas of governance: executive compensation, boards, risk management, and market discipline. We discuss promising solutions and areas where further research is needed.
Subjects:governance, banks
Document Type:Working Paper
Appears in Collections:Staff Reports, Federal Reserve Bank of New York

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