Event

2024 Governance and Culture Reform Conference

May 21, 2024

On Tuesday, May 21, 2024, the New York Fed's Governance and Culture Reform Initiative ("Culture Initiative") hosted a conference on culture and behavior in the financial services industry.

The program, which was built on past conferences and podcasts, explored how accountability, incentives, and technology contribute to shaping healthy organizational cultures. Speakers reflected on how elements of culture have evolved over the last decade and offered insights into how organizational cultures can shape risk outcomes in the future.

The Culture Initiative is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.

WATCH THE EVENT

See the agenda below for timing of specific conference segments.

Event Details

Date & Time

May 21, 2024
8:30am-3:45pm EDT


Location

Federal Reserve Bank of New York
33 Liberty Street
New York, NY


Audience

This event was in-person, and attendance was by invitation only. Download the attendee list.


Media

This event was open to press in-person and all remarks were on-the-record. The event was recorded, with the recording above. For more information, please contact Shelley Pitterson at Shelley.Pitterson@ny.frb.org.


Agenda

8:30am-9:00am Networking Breakfast
9:00am-9:05am Welcome (00:00:09 in video)

James Hennessy, Head of the Governance and Culture Reform Initiative, Federal Reserve Bank of New York
9:05am-9:15am Opening Remarks (00:04:28 in video)

John C. Williams, President and Chief Executive Officer, Federal Reserve Bank of New York
9:15am-10:05am Panel I: Enhancing Accountability in Financial Services (00:12:51 in video)

Moderator: Olivia Richards, Partner, Oliver Wyman

Constantinos Coutifaris, Assistant Professor of Management, McCombs School of Business, The University of Texas at Austin

Joseph McGrath, Assistant Professor of Law, Sutherland School of Law, University College Dublin

Kelly Richmond Pope, Dr. Barry Jay Epstein Endowed Professor of Accounting, DePaul University
10:05am-10:35am Break
10:35am-11:25am Panel II: Technology and Culture (01:04:46 in video)

Moderator: Harry Toukalas, Co-Founder & CEO, Swarm Dynamics

Tom Reader, Associate Professor of Organizational Psychology, London School of Economics and Political Science

Sameer Srivastava, Ewald T. Grether Professor of Business Administration and Public Policy, Haas School of Business, University of California, Berkeley

Anita Williams Woolley, Associate Dean of Research and Professor of Organizational Behavior, Tepper School of Business, Carnegie Mellon University
11:25am-11:40am Workshop: Part I (01:56:15 in video)

Susan Ochs, CEO, Ochs Advisors LLC
11:40am-1:10pm Lunch
1:10pm-1:20pm Workshop: Part II (02:11:14 in video)
1:20pm-2:10pm Panel III: Building Cultures of Imagination and Integrity (02:21:44 in video)

Moderator: Kartik B. Athreya, Director of Research and Head of the Research and Statistics Group, Federal Reserve Bank of New York

Regina Joseph, Superforecaster and Founder, Sibylink

Gary Klein, President, MacroCognition LLC and ShadowBox LLC

Evan Norris, Partner, Cravath, Swaine & Moore
2:10pm-2:30pm Break
2:30pm-3:05pm Moderated Discussion (03:18:06 in video)

Moderator: Susan Ochs, CEO, Ochs Advisors LLC

Raymond Dorado, Senior Deputy Superintendent, Banking Division, New York State Department of Financial Services
3:05pm-3:45pm Moderated Discussion (03:45:08 in video)

Moderator: Chana Schoenberger, Editor-in-Chief, American Banker

James P. Gorman, Executive Chairman, Morgan Stanley
3:45pm Closing Remarks (04:27:55 in video)

James Hennessy, Head of the Governance and Culture Reform Initiative, Federal Reserve Bank of New York

Speakers

Kartik B. Athreya, Director of Research and Head of the Research and Statistics Group, Federal Reserve Bank of New York
Kartik B. Athreya
Director of Research and Head of the Research and Statistics Group
Federal Reserve Bank of New York


Constantinos Coutifaris, Assistant Professor of Management, McCombs School of Business, The University of Texas at Austin
Constantinos Coutifaris
Assistant Professor of Management
McCombs School of Business, The University of Texas at Austin


Raymond Dorado, Senior Deputy Superintendent, Banking Division, New York State Department of Financial Services
Raymond Dorado
Senior Deputy Superintendent, Banking Division
New York State Department of Financial Services


James P. Gorman, Executive Chairman, Morgan Stanley
James P. Gorman
Executive Chairman
Morgan Stanley


James Hennessy, Head of the Governance and Culture Reform Initiative, Federal Reserve Bank of New York
James Hennessy
Head of the Governance and Culture Reform Initiative
Federal Reserve Bank of New York


Regina Joseph, Superforecaster and Founder, Sibylink
Regina Joseph
Superforecaster and Founder
Sibylink


Gary Klein, President, MacroCognition LLC and ShadowBox LLC
Gary Klein
President
MacroCognition LLC and ShadowBox LLC


Joseph McGrath, Assistant Professor of Law, Sutherland School of Law, University College Dublin
Joseph McGrath
Assistant Professor of Law
Sutherland School of Law, University College Dublin


Evan Norris, Partner, Cravath, Swaine & Moore
Evan Norris
Partner
Cravath, Swaine & Moore


Susan Ochs, CEO, Ochs Advisors
Susan Ochs
CEO
Ochs Advisors LLC


Kelly Richmond Pope, Dr. Barry Jay Epstein Endowed Professor of Accounting, DePaul University
Kelly Richmond Pope
Dr. Barry Jay Epstein Endowed Professor of Accounting
DePaul University


Tom Reader, Associate Professor of Organizational Psychology, London School of Economics and Political Science
Tom Reader
Associate Professor of Organizational Psychology
London School of Economics and Political Science


Olivia Richards
Partner
Oliver Wyman


Chana Schoenberger
Editor-in-Chief
American Banker


Sameer Srivastava, Ewald T. Grether Professor of Business Administration and Public Policy, Haas School of Business, University of California, Berkeley
Sameer Srivastava
Ewald T. Grether Professor of Business Administration and Public Policy
Haas School of Business, University of California, Berkeley


Harry Toukalas, Co-Founder & CEO, Swarm Dynamics
Harry Toukalas
Co-Founder & CEO
Swarm Dynamics


John C. Williams, President and Chief Executive Officer, Federal Reserve Bank of New York
John C. Williams
President and Chief Executive Officer
Federal Reserve Bank of New York


Anita Williams Woolley, Associate Dean of Research and Professor of Organizational Behavior, Tepper School of Business, Carnegie Mellon University
Anita Williams Woolley
Associate Dean of Research and Professor of Organizational Behavior
Tepper School of Business, Carnegie Mellon University


EVENT RESOURCES

Ten Years of Governance and Culture Reform: Taking Stock (May 15, 2024)

Readings Authored and Recommended by the 2024 Governance and Culture Reform Conference Panelists (May 2024)


The contents on this page-including third-party resources, hyperlinks and documents-are provided for informational purposes only and do not necessarily represent the views of the New York Fed or the Federal Reserve System.
By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.   Close