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Carrots and Sticks in Bank Governance: Time for a Bigger Stick?

Ridyard, RM (2019) Carrots and Sticks in Bank Governance: Time for a Bigger Stick? Journal of Financial Regulation and Compliance. ISSN 1358-1988

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Purpose — This paper is pre-occupied with how bank governance can be altered to reduce risk taking and engender greater financial stability.
Design/methodology/approach — Its approach is to review existing bank governance arrangements, contemporary challenges, and alternative reforms.
Findings — It is argued that recent reforms are incomplete. Greater countervailing incentives for bank managers and shareholders are required. This prompts an inquiry into the merits and demerits of four types of reform: changes to executive compensation arrangements; the introduction of a liability standard for directors; the removal of limited liability for bank shareholders; and a criminal offence for managers.
Originality/value — Discussion illumines several problems with the current approach to bank governance and provides insights that can help direct future reform.

Item Type: Article
Additional Information: The AAM is deposited under the above licence and any reuse is allowed in accordance with the terms outlined by the licence. To reuse the AAM for commercial purposes, permission should be sought by contacting permissions@emeraldinsight.com.
Uncontrolled Keywords: 1502 Banking, Finance And Investment, 1501 Accounting, Auditing And Accountability
Subjects: H Social Sciences > HG Finance
K Law > K Law (General)
Divisions: Law
Publisher: Emerald
Date Deposited: 06 Aug 2018 10:32
Last Modified: 04 Sep 2021 10:14
DOI or ID number: 10.1108/JFRC-05-2018-0084
URI: https://researchonline.ljmu.ac.uk/id/eprint/9071
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