Saturday, May 8, 2010

Fiduciary Duty

Bob Monks discusses the fiduciary obligation that banks owe to their customers. If this duty were enforced, he says, banks would have to solve their conflicts of interest by divesting themselves of holdings that were outside this obligation.

May 8, 2010 in fiduciary duty , financial crisis , Wall Street , corporate governance , Financial Reform  |  0 comments  | 
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Copyright 2014 by Robert A. G. Monks