Ten years after the onset of the global financial crisis, the banking industry “has made significant efforts to understand and improve the culture of their firms, and scrutinize employee conduct,” says a new report from the Group of Thirty. Despite these efforts, however, the banking industry still suffers from a negative reputation, and “trust still needs repairing because serious conduct and culture failures continue to occur in many markets.”
The G30, an international organization comprised of senior representatives of the public and private sectors, “aims to deepen understanding of international economic and financial issues.” Its new report, “Banking Conduct and Culture: A Permanent Mindset Change,” examines the progress banks have made since the group’s 2015 report on the same topic.
