The Minutes of John Williams on governance https://minutesof.com/john-williams/on/governance/ Everything John Williams has said on governance: 2 verbatim quotes, each with a timestamp and a link to the recording it came from. en Fri, 23 Oct 2026 11:03:05 +0000 Williams describes how diffused accountability means no single person makes a bad decision, yet the system fai https://minutesof.com/q/fa844534-f011-4424-8902-b882c3ccf79e/ https://minutesof.com/q/fa844534-f011-4424-8902-b882c3ccf79e/ “Later, when the risk materializes, we conduct a review and find that no single person made a bad decision. Instead, the system as a whole failed to “see” the risk clearly.” — NY Fed speeches governance Williams argues the next frontier of risk management is integration across functions, not deeper specializatio https://minutesof.com/q/dca924d0-e882-45e2-8e9b-20f6e47aecee/ https://minutesof.com/q/dca924d0-e882-45e2-8e9b-20f6e47aecee/ “That’s why the next frontier of risk management is not deeper specialization. It’s integration: strategic, ethical, and operational coherence—across functions, levels, and tools.” — NY Fed speeches governance