Interesting parting thoughts from NY Fed President Bill Dudley -- as of Monday, former NY Fed President -- on bank culture and supervision:
medium.com/new-york-fed/c…
medium.com/new-york-fed/c…
These thoughts from Dudley matter a lot as we reflect on 2008 crisis:
"We expect trustworthy conduct from banks because they are so important to the nation’s economy"
"Culture matters. Change is possible, but difficult. It’s better to pay attention sooner than later."
"We expect trustworthy conduct from banks because they are so important to the nation’s economy"
"Culture matters. Change is possible, but difficult. It’s better to pay attention sooner than later."
And offer a good reminder of this @ProPublica @Jake_Bernstein series about why strong supervision matters a lot too:
propublica.org/series/fed-tap…
propublica.org/series/fed-tap…
