Among the listed governance initiatives, the Dodd-Frank Act is specifically focused on increasing oversight of banks.
1. The Dodd-Frank Act: Enacted in response to the 2008 financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act introduced comprehensive reforms to increase oversight and regulation of the financial industry, particularly banks. It aimed to reduce risks, enhance transparency, and protect consumers by implementing stricter regulatory standards and oversight mechanisms for financial institutions.
2. Other Governance Initiatives:
The Greenbury Report (Option B): This report, published in the UK in 1995, focused on executive remuneration and corporate governance but did not specifically address bank oversight.
The Sarbanes-Oxley Act (Option C): Enacted in 2002 in the US, this act aimed to enhance corporate governance and financial reporting transparency across all sectors, not specifically focusing on banks.
References from CFA ESG Investing:
Bank Oversight Regulations: The CFA Institute discusses the impact of the Dodd-Frank Act on the financial industry, emphasizing its role in strengthening oversight and regulatory standards for banks and other financial institutions.
======
Submit