Back to overview

A review of corporate governance in UK banks and other financial industry entities: Final recommendations (The Walker Review), 2009

}

Summary

The need is now to bring corporate governance issues closer to centre stage. Better financial regulation has much to accomplish, but cannot alone satisfactorily assure performance of the major banks. Behavioural improvement is more likely to be achieved through clearer identification of best practice and more effective but, in most areas, non-statutory routes to implementation. Regulation will make BOFIs safer but cannot assure that they will be attractive to investors and thus able to strengthen their balance sheets. Better corporate governance of banks cannot guarantee that there will be no repetition of the recent highly negative experience for the economy and society as a whole.

Thumbnail image for The need is now to bring corporate governance issues closer to centre stage. Better financial regulation has much to accomplish, but cannot alone satisfactorily assure performance of the major banks. Behavioural improvement is more likely to be achieved through clearer identification of best practice and more effective but, in most areas, non-statutory routes to implementation. Regulation will make BOFIs safer but cannot assure that they will be attractive to investors and thus able to strengthen their balance sheets. Better corporate governance of banks cannot guarantee that there will be no repetition of the recent highly negative experience for the economy and society as a whole.
Issuer

United Kingdom

Year

2009

Region

Europe

Issuer (type)

HM Treasury (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary


Main industries targeted
  • Finance & Insurance
  • Education
  • Wholesale trade
  • Retail trade
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality
  • SDG 10: Reduced Inequality

We have sent you the download link, please check your inbox.

Download again

Something went wrong when trying to download this file.

Try again