I very much appreciate having the opportunity to participate in today’s program. Improving the culture of financial services is an important issue for me and my colleagues at the Federal Reserve Bank of New York, as well as for many senior policymakers both domestically and abroad. As always, what I have to say reflects my own views and not necessarily those of the Federal Open Market Committee or the Federal Reserve System.1 Why should we seek better culture in the financial services industry? We do this to achieve better outcomes in terms of conduct and behavior—and, with that, greater trustworthiness in our ... (full story)