# In an interview, Professor Ingo Walter discusses the United Nations' "Principles for Responsible Banking" effort

1 Faculty News October 1, 2019 ![GARP logo](/sites/default/files/styles/246w/public/assets/images/garp.jpg?itok=nE1A7WFN)>

Excerpt from [GARP.org](https://www.garp.org/#!/risk-intelligence/culture-governance/erm/a1Z1W000003mR1GUAU) -- "What's more, [Walter](https://www.stern.nyu.edu/faculty/bio/ingo-walter) says signing on to the UN principles can be a preemptive exercise by banks 'aiming to ward off regulation.' They are 'making the case that, post-financial-crisis, they have learned some valuable lessons, they understand where they went wrong, and are changing their ways, as encapsulated in the Principles for Responsible Banking.'"

[Read More](https://www.garp.org/#!/risk-intelligence/culture-governance/erm/a1Z1W000003mR1GUAU)