Ten years on from the global financial crisis, and inevitably conversations turn to bank conduct and reform. Are banking crises inevitable? Would the causes of any future crisis be the same as in the past? Has bankers’ behaviour really changed?
Is the UK’s large financial services sector a force for good? Our social and economic purpose as an industry is clear. Helping a small business to grow; helping a family to buy its own home; powering seamless, instant payments that have made e-commerce possible; providing trade finance and risk management for an exporter entering new markets; driving efficient, transparent and secure financial markets; and providing support when the unexpected happens, when vulnerability strikes. And, within our institutions, powering diversity, inclusion, opportunity, participation and security.
