standard. Currently, there are proposals to raise the standard to a fiduciary one in which the recommendations would have to be … how they label themselves, should adhere to a best-interest fiduciary standard. More limited relationships should be …

('non-micro' banks) influence credit risk. In particular, banks that have higher income from fiduciary activities have lower … credit risk. The impact is more pronounced during the post-crisis period. Our findings suggest that fiduciary activities … for fiduciary activities after the crisis. Furthermore, we find that micro banks suffer from diseconomies in joint …

Trust is indispensable to fiduciary fields (e.g., credit rating), where experts exercise wide discretion on others … behalf. Can the shame from scandal sort trustworthy people out of a fiduciary field? I tested for the possibility in a …. This suggests that the mere belief that a subject would exploit the greater discretion and unobservability of a fiduciary …