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William C. Dudley
Opening Remarks at Reforming Culture and Behavior in the Financial Services Industry
Expanding the Dialogue
Federal Reserve Bank of New York, 2016
Aperçu
Current practices often hinder efforts to polish the financial services industry’s image.
Recommendation
Several high-profile debacles and scandals have made it difficult for the financial services industry to shake a reputation for dishonest, clandestine behavior. In a recent speech, William C. Dudley, the president and chief executive officer of the Federal Reserve Bank of New York, offered his views on why this reputation exists and what could change it. Dudley asserts that instead of spending billions of dollars on fines and legal fees, firms should use that money to improve current practices and restore the public trust. getAbstract recommends this important text to risk managers and professionals in the financial services industry.
Summary
About the Author
William C. Dudley is the president and CEO of the Federal Reserve Bank of New York.
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