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Attention Quote by Daniele Nouy

“The financial crisis has underscored how insufficient attention to fundamental corporate governance concepts can have devastating effects on an institution and its continued viability. It is clear that many banks did not fully implement these fundamental concepts. The obvious lesson is that banks…” quote by Daniele Nouy
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“The financial crisis has underscored how insufficient attention to fundamental corporate governance concepts can have devastating effects on an institution and its continued viability. It is clear that many banks did not fully implement these fundamental concepts. The obvious lesson is that banks need to improve their corporate governance practices and supervisors must ensure that sound corporate governance principles are thoroughly and consistently implemented.”

Daniele Nouy

About This Quote

Source Report, 2020, Financial Regulation

Neglecting corporate governance leads to crises; banks must adopt sound governance and regulators must enforce it.

In simple terms: Poor governance causes financial crises; enforce strong oversight.

Key Takeaway

Implement robust governance and oversight.

Themes

governance risk finance regulation accountability

Mood

concerned analytical

Type

report policy

When to use this quote

  • banking
  • regulatory bodies
  • investment firms

Key Concepts

corporate oversight risk management policy compliance ethical standards systemic stability

Questions to Reflect On

  • How can governance be improved cost‑effectively?
  • What incentives drive compliance?
A Different Perspective

Implementation can be costly and face resistance.

2.8 out of 5 (4 ratings)

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