See highlights from the event The behaviour of bankers has rarely been out of the spotlight in recent years. Managing and changing the culture of banking has become
The behaviour of bankers has rarely been out of the spotlight in recent years. Managing and changing the culture of banking has become a major concern for regulators, politicians, customers, investors, the general public and the banks themselves.
Now, positive action is being taken to improve the behaviour, competence and culture of banking professionals. During 2016, the UK is introducing new regulations – the Senior Managers and Certification Regime – to improve responsibility and accountability within banks and building societies, and ring-fencing will become a reality for many large British banks.
Individual banks are investing a great deal of time, effort and resources to change the way they are run, including a new approach to sales targets and incentives. Meanwhile, the UK’s banking industry has established the independently led Banking Standards Board to promote higher standards of behaviour – standards that cannot sensibly be left to regulation to enforce.
Is this enough? Where do the next challenges lie? Is there a shared sense of what success would look like?
The FT Banking Standards Conference – a collaboration between the Financial Times, the Banker and the Banking Standards Board – will explore these issues. Senior bankers and regulators will be joined by leading figures from professional institutes, universities, law firms,consultancies and other organisations to explore what is and what is not being done – and to ask where the UK banking sector goes from here.
This event is being organised by FT Live. Visit their website to book your place now.
(Tuesday) 8:15 am - 5:15 pm