Date of Publication: May 25, 2021

Author: Mayra Rodriguez Valladares

Summary:

Maybe, just maybe, financial institutions’ stakeholders are finally fed up with the bad behavior of the bad apples at financial institutions. Weak governance can lead to ratings downgrades, which in turn increase the cost of borrowing.

Link to Full Reading:

https://www.forbes.com/sites/mayrarodriguezvalladares/2021/05/25/financial-institutions-are-on-notice-that-weak-governance-can-lead-to-ratings-downgrades-and-significant-fines/