Something rather novel happened last week. Colin Fan, co-head of Deutsche Bank’s investment branch, sent a video to the group’s traders informing them that “Being boastful, indiscreet and vulgar is not OK”. And whilst Fan choose not to opine on…
During last Wednesday’s successful launch of New City Agenda, held in Parliament, Sir Richard Lambert delivered an insightful and thought-provoking lecture.
Since the Financial Crash in 2008, the City has quite rightly received its fair share of criticism for what went wrong. There are simply no excuses for the pain and misery they have caused to millions of citizens in this country and Lord Adair Turner’s (as Chairman of the FSA) words in 2009 that “The City has grown too big and parts of it are “socially useless” seemed to strike a chord with the public at large. Meanwhile, the topic of bankers bonuses still makes the blood boil of ordinary citizens of this country and they struggle to comprehend why senior bankers didn’t go to prison for the crisis they caused.
This Inaugural Lecture will give parliamentarians and guests the opportunity to appreciate how Sir Richard’s proposed new organisation seeks to raise standards in banking following the recommendations of the Parliamentary Commission on Banking Standards.
Today sees the launch of New City Agenda with Sir Richard Lambert, giving a lecture in Parliament on Culture and Banking Standards.
Today’s event also marks the introduction of our own Project looking at ‘How should we change the culture of banks?’ Whilst many have diagnosed the problem, there is a need for further examination of how this positive change can be achieved and how progress should be measured.