This annex summarises responses to a survey conducted by the Supervisors Roundtable for Governance Effectiveness, hosted by the Federal Reserve Bank of New York, which was then supplemented with additional input from FSB members that were not part of the initial survey. Most of the programmes described below were created between 2010 and 2015. In many cases they were created in response to the financial crisis or the series of misconduct incidents that came to light in the years that followed the crisis. Indeed, several respondents highlighted a perception that governance and culture have still not been sufficiently addressed since the crisis.

Most of the participating authorities have found that their reviews of governance, behaviour, and culture have also contributed to improvements to industry knowledge and practice. For instance, supervisors have released information papers, supervisory statements and brochures describing what their efforts have taught them thus far about governance, behaviour, and culture and describing their priorities going forward. Several authorities have also revised their corporate governance guidelines or are considering doing so as a result of their work in this area. Supervisors actively participate in relevant conferences and have used public speaking engagements to share the knowledge they have gained and to clarify expectations. One supervisor shared the results of a governance and risk appetite review and another published a book describing the authority’s methodology for assessing culture and behaviours.