FSB: Stocktake of efforts to strengthen the governance frameworks to mitigate misconduct risks

FSB’s report sets out the findings of a stocktake of efforts underway by international bodies, national authorities, industry associations and firms on the use of governance frameworks to address misconduct risk, including the results of what is described as a literature and scientific review of root causes of misconduct in the financial and non-financial sectors. The report also sets out details of three areas for further work by FSB: “rolling bad apples"; responsibility mapping and culture. FSB intends to publish a final report in March 2018.