And that simply is not enough anymore. Fines and the economical costs associated with reckless banking action between 2008 and 2015 total nearly US$8 trillion. In this post, the former president of BMO Capital Markets offers recommendations on how public trust can be earned back by the industry. First, bankers need to understand the relevance of their actions.
They have obligations as leaders inside an industry that is certainly the lifeblood of the worldwide economy and society. Third, bankers need to remember that larger forces should help more to handle the contagion brought on by explosive markets and consistently shape their industry. Fourth, while bankers must be clear about the industry’s challenges, they should also highlight its successes. Eventually, bankers should make sure to leave the sector in a better condition than they found it.
Publication Date: 02/02/2015
This is just an excerpt. This case is about Finance
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