2025 Culture & Conduct Risk in the Financial Sector: Why it matters and what the industry is doing to...

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Stephen Scott Cameron Lawrence

2025 Culture & Conduct Risk in the Financial Sector

Name: 2025 Culture & Conduct Risk in the Financial Sector
Price: 432 AUD
Availability: OutOfStock
ISBN: 9798985922042

Why it matters and what the industry is doing to address it

Stephen Scott, Cameron Lawrence, Steve Leacock

$539.95 $432

Hardback

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English

Starling Insights, Inc.
10 October 2025

Banking

Starling's 2025 Compendium describes a ""crisis of trust"" in core institutions globally and argues that this is undermining faith in capitalism and democracy. Addressing this will require a fundamental rethinking of culture risk governance and supervision, the report argues. Sub-titled ""Culture & Conduct Risk in the Financial Sector"" and now in its eighth year, the Starling Compendium has become an industry must-read publication, featuring insights contributed by dozens of global leaders, updates on regulatory trends witnessed in the past year among major global financial centers, and Starling's own industry-leading research and analysis. Drawing a powerful analogy to the 19th-century scientific revolution, the report posits that today's leaders are in a position similar to that of pre-modern physicians confronting invisible pathogens. Breakthroughs by innovators like Louis Pasteur were not merely scientific, but narrative; in Pasteur's telling, the unseen enemy - 'le microbe' - was rendered visible and thus treatable. The Compendium argues that a similar breakthrough is now needed to make invisible yet decisive forces of organizational culture subject to proactive risk management. The report assembles a sweeping body of evidence demonstrating a systemic decline in public trust. Many of the Compendium's contributors diagnose the problem as a failure of governance and supervision. Surveying across leading jurisdictions, the 2025 Compendium documents how the pendulum is swinging decisively toward prioritizing economic growth and competitiveness, fueling a powerful argument for deregulation. The Compendium argues for a paradigm shift, moving beyond blaming ""bad apples"" to focus on ""barrels"" - the cultural environments that shape behavior. To make this architecture visible, the report points to the transformative potential of AI and computational social science, with attendant opportunity and risk. In Closing Comments to the report, Tiff Macklem, Governor of the Bank of Canada and Chair of the Group of Governors and Heads of Supervision that sets international standards, argues that the drive for growth through deregulation is not merely a technical adjustment but a high-stakes gamble that will determine the enduring legitimacy of supervisory institutions. Ultimately, the 2025 Compendium calls for a new model of culture risk governance and supervision. Instead of reactive enforcement, this new model would be grounded in foresight.

Edited by: Stephen Scott, Cameron Lawrence
Other: Steve Leacock
Imprint: Starling Insights, Inc.
Dimensions: Height: 279mm, Width: 216mm, Spine: 30mm
Weight: 1.592kg
ISBN: 9798985922042
Pages: 406
Publication Date: 10 October 2025
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

CONTRIBUTORS Preamble: Francis Fukuyama, Author, Trust: The Social Virtues and the Creation of Prosperity In Focus: Jean-Paul Servais, Chair, International Organization of Securities Commissions Fernando Restoy, Chair, Financial Stability Institute Shigeru Ariizumi, Chair, International Association of Insurance Supervisors Peer Perspectives: Reid Hoffman, Co-Founder, LinkedIn Craig Mundie, Past-Chief Research and Strategy Officer, Microsoft Dante Disparte, Chief Strategy Officer, Circle Dan Davies, Author, The Unaccountability Machine Ground Breakers: Eugene Ludwig, Past-Comptroller, US Office of the Comptroller of the Currency Richard Edelman, CEO, Edelman Dame Susan Rice, Past-Chair, UK Financial Services Culture Board Walter Massey, Past-Chair, Bank of America The Academy: Sandra Matz, Professor of Business, Columbia Business School Harvey Whitehouse, Director, Oxford Centre for the Study of Social Cohesion Sandy Pentland, Human-Centered Artificial Intelligence Fellow, Stanford University Margaret Levi, Faculty Fellow & Past-Director, Stanford Center for Advanced Study in the Behavioral Sciences Roy Baumeister, Visiting Scholar in Psychology, Harvard University Good Counsel: Kathryn Judge, Professor of Law, Columbia Law School Peter Conti-Brown, Associate Professor of Financial Regulation, University of Pennsylvania William H. Hinman, Past-Director of Corporation Finance, US Securities and Exchange Commission Closing Comments Tiff Macklem, Chair, Group of Central Bank Governors and Heads of Supervision (GHOS)