OSFI’s guidelines are a small step towards making financial decision-makers more conscious of their influence on climate outcomes, but there is still work to be done.
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A major factor in the collapse of Thomas Cook relates to an increasingly important financial market phenomenon, especially for distressed firms, known as the “empty creditor” problem.
Research shows that cash bonuses are responsible for many recent financial scandals. The alternative isn’t that great either.
Top contributors
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Professor - Risk governance, culture, remuneration, Macquarie University
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Charles E. Merrill Professor of Finance, Economics and International Business, New York University
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Assistant Professor of Finance, McGill University
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Research Fellow, Public Economics, The Parkland Institute, University of Alberta