We are excited to announce the release of the 2025 Compendium — our annual report detailing new developments, relevant perspectives, and analysis of the latest trends and innovations in the management and oversight of culture and conduct-related risks in the financial sector.
Now in its 8th year, the Compendium has become an industry must-read report, examining how culture influences organizational performance, the associated risks that this may imply, and global efforts to effect improved culture risk governance and supervision.
Global Perspectives
Enjoy insights from our world-renowned contributors, including: policy-makers, regulators, and supervisors; central bankers and global standard-setters; leading industry executives; renowned academics and legal scholars.
Industry News & Trends
Stay informed on the latest developments in culture risk governance and supervison. Explore policy changes, cutting-edge research, business developments, and emerging trends across all major global financial centers.
Analysis & Commentary
The Compendium offers a comprehensive and impartial perspective on industry developments. Through our analysis, we aim to foster new thinking and innovative approaches to culture risk governance and supervision.
Preamble

Francis Fukuyama
Author
Trust: The Social Virtues and the Creation of Prosperity
In Focus

Jean-Paul Servais
Chair
International Organization of Securities Commissions

Fernando Restoy
Chair
Financial Stability Institute

Shigeru Ariizumi
Chair
International Association of Insurance Supervisors
Peer Perspectives

Reid Hoffman
Co-Founder

Craig Mundie
Past-Chief Research and Strategy Officer
Microsoft

Dante Disparte
Chief Strategy Officer
Circle

Dan Davies
Author
The Unaccountability Machine
Ground Breakers

Gene Ludwig
Past-Comptroller
US Office of the Comptroller of the Currency

Richard Edelman
CEO
Edelman

Dame Susan Rice
Past-Chair
UK Financial Services Culture Board

Walter Massey
Past-Chair
Bank of America
The Academy

Sandra Matz
Professor of Business
Columbia Business School

Harvey Whitehouse
Director
Oxford Centre for the Study of Social Cohesion

Sandy Pentland
Human-Centered Artificial Intelligence Fellow
Stanford University

Margaret Levi
Faculty Fellow & Past-Director
Stanford Center for Advanced Study in the Behavioral Sciences

Roy Baumeister
Visiting Scholar in Psychology
Harvard University
Good Counsel

Kathryn Judge
Professor of Law
Columbia Law School

Peter Conti-Brown
Associate Professor of Financial Regulation
University of Pennsylvania

William H. Hinman
Past-Director of Corporation Finance
US Securities and Exchange Commission
Closing Comments

Tiff Macklem
Chair
Group of Central Bank Governors and Heads of Supervision
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The Compendium series has featured over 100 contributors.

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