Members in the News
August 3, 2015
- In a recent speech, Singapore's Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam discusses the sources of continued advancement in Singapore's economy. He discusses global challenges the country faces while emphasizing the need to utilize "new skills and technologies, original business solutions, and a spirit of experimentation in society."
- Difficulties in Implementation
July 31, 2015
In an interview with the German language newspaper Handelsblatt, Bayerische Landesbank Supervisory Board Chairman Gerd Häusler discusses the recommendations made in the Group's latest report on banking conduct and culture. (in German)
- Link Pay to Standards
July 30, 2015
Our latest report, Banking Conduct and Culture: A Call for Sustained and Comprehensive Reform has been featured in an article in the Financial Times. The author highlights the study's recommendations for addressing culture in the world's leading financial institutions.
- How to Sustain Economic Growth in Asia
July 21, 2015
Haruhiko Kuroda, Governor of the Bank of Japan, discusses the steps necessary to maintain robust economic growth in Asia at the Amartya Sen Lecture organised by the Cambridge Society of Thailand.
- Complacency and Incrementalism are Traps to Avoid
July 12, 2015
In an opinion piece for the Financial Times, Lawrence Summers, Charles W. Eliot professor at Harvard University, calls for “clear-eyed, bold action” to manage ongoing financial uncertainties globally.
- Banking Needs Culture and Conduct
June 23, 2015
William R. Rhodes, CEO of William R. Rhodes Global Advisors, LLC, discusses the current state of U.S. banking culture in an interview with Bloomberg Business. Rhodes stresses the need to “get back to the basics,” citing the recent LIBOR and Forex scandals as reasons why the global community continues to lack confidence in the banking sector.
- Building Real Markets for the Good of the People
June 10, 2015
Mark Carney, Governor of the Bank of England, delivers a speech at the Lord Mayor's Banquet for Bankers and Merchants of the City of London at the Mansion House. In it, he describes the previous failures of the markets, including the "numerous incidents of misconduct, undercutting public trust and threatening systemic stability." Furthermore, he stresses the need for individuals, firms, and regulators to work toward fair markets to not only help the UK prosper but the global economy as well.
- The US Economic and Monetary Policy Outlook
June 5, 2015
In a recent speech, President of the Federal Reserve Bank of New York, William Dudley, discusses his expectations of rising Fed rates along with an increase in growth for the remainder of the year. He concluded that forming a solid economic outlook for the year would be challenging until further macroeconomic data are released, but that it will be likely that “conditions will be appropriate to begin monetary policy normalization later this year.”
- The U.S. Underestimates Growth
May 18, 2015
In an opinion piece for the Wall Street Journal, Martin Feldstein, Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, discusses that inaccuracies in official figures for price inflation and real growth cause an understatement of growth. He advocates changes in tax rules to achieve “faster growth with more capital accumulation, increased labor-force participation, and greater innovation that leads to new products and more efficient means of production.”
May 15, 2015
In a speech at the Yomiuri International Economic Society in Tokyo, Governor of the Bank of Japan, Haruhiko Kuroda, reflects on the two year anniversary of the introduction of Qualitative and Qualitative Monetary Easing (QQE) by the BoJ. He states that "the economic and price situation has improved substantially in Japan." He also discusses the inflation rate as well as the outlook for the Japanese economy.
- Banking Conduct and Culture: A Call for Sustained and Comprehensive Reform
This report addresses the governance challenges facing the world’s largest banks, their boards, their management, and the supervisors who oversee the health of the financial system as a whole.
- Central Banks: Confronting the Hard Truths Discovered and the Tough Choices Ahead
Philipp Hildebrand highlights six hard truths learned about the evolving nature of central banking since the global financial crisis.
- The Digital Revolution in Banking
Gail Kelly examines the growing and important relationship between financial services and technology.