The professionalism and ethics of individual bankers is too important to be left to each bank on its own: the industry as a whole needs to come together to set new standards, says Simon Thompson.
The Bracken column
The Bracken column is named after Brendan Bracken, the founding editor of The Banker in 1926 and chairman of the modern-day Financial Times from 1945 to 1958.
Latest articles from Bracken
The UK regulator has proposed rules that would enable a former employer to refuse deferred bonus payments or claw back the bonuses of former employees accused of misconduct or mismanagement. Gary Freer of law firm Bryan Cave looks at the hurdles these rules will have to clear.
Accelerating the EU's fourth anti-money laundering directive will place additional burden on compliance professionals, but the rewards are clear given the need to combat the threat of terrorism, writes Kieran Beer of the Association for Certified Anti-Money Laundering Specialists.
The annual Microscope global report on financial inclusion provides a kind of open-source regulation for fostering the right environment to give everyone access to banking and credit services, wherever they are, writes Michael Schlein, president and chief executive of Accion.
The knee-jerk reaction from Germany overlooks the potential benefits of an EU-wide deposit insurance scheme for the whole European banking system.
Improvements in professional culture in banking must come from within, not just from regulatory pressure.
Understanding the behaviour of different participants during a shock is an essential first step to improving the resilience of financial markets to sudden periods of illiquidity.
EU bank regulation should be applied consistently on a proportionate basis that reflects the size and business model of the banks being regulated.
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