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More regulation won’t work, says a UK think tank and suggests bankers take the moral high ground.
An oath for bankers should be introduced to raise accountability and standards in banking, said the think tank ResPublica.
They have been branded “socially useless”, cast as the world’s villains and have even tried to claim that they were “doing God’s work”.
Call for stronger ethics in banking comes after a series of high-profile scandals in banking sector.
A think tank believes bankers should be expected to swear an oath in which they promise to behave properly, in the same way as doctors.
Thinktank ResPublica is pushing for bankers to take a moral oath – like the Hippocratic Oath sworn by doctors – following the spate of financial scandals that have rocked global markets over the last few years.
Lucinda Creighton has become a terrible tease. Yet again, the former Fine Gael junior minister is dropping hints about turning her Reform Alliance into a fully fledged political party.
ResPublica suggests wording that includes the duty to confront impropriety in an industry ‘lacking clearly defined social purpose’.
A new report calls for bankers to make a public commitment to consider their social impacts and prioritise customers’ needs.
Head of review body into banking standards to launch report which will promote need for an oath for the banking industry.
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