IDEAS home Printed from https://ideas.repec.org/a/pal/buseco/v48y2013i4p208-213.html
   My bibliography  Save this article

Financial Services and the Trust Deficit: Why the Industry Should Make Better Governance a Top Priority

Author

Listed:
  • Roger W. Ferguson Jr.

Abstract

The U.S. economy, while recovering, is still feeling lingering effects of the 2008 financial crisis and the recession that followed. Although government has acted to prevent a future recurrence, much needs to be done—particularly in corporate governance of financial firms. Currently, there is a pervasive lack of trust in the financial industry, which will be difficult to undo. Nonetheless, finance is so important that it is critical that trust be restored. This is particularly true in an era in which planning for retirement is inadequate, and financial literacy is increasingly important. This implies a critical role for a financial services industry whose guidance can be trusted. This trust must be built through appropriate corporate governance on the part of all stakeholders, and specific recommendations are advanced for bringing this about.

Suggested Citation

  • Roger W. Ferguson Jr., 2013. "Financial Services and the Trust Deficit: Why the Industry Should Make Better Governance a Top Priority," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 48(4), pages 208-213, October.
    • Handle: RePEc:pal:buseco:v:48:y:2013:i:4:p:208-213
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/be/journal/v48/n4/pdf/be201325a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/be/journal/v48/n4/full/be201325a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:buseco:v:48:y:2013:i:4:p:208-213. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.