Five years on from Lehman: What does it take to be a Good Bank?
Five years ago, Lehman Brothers entered history books as the largest bankruptcy of all time. The financial crisis that followed triggered the most severe economic downturn in decades. A widespread sense of injustice emerged in response to government bailouts of the banking industry. The loss of confidence in the financial sector has led both to more stringent regulation and to the recognition that the banking system requires wholesale re-examination.
Fuelled by a global online debate and live webcast that took place on June 4th 2013 ‘The Good Bank’ full programme report – a concept for improving the global financial industry – is now available for download.
The report discusses the best ways to improve banking and what that means to a variety of stakeholders and asks some major questions:
What does it take to be a Good Bank?
What is needed to embrace efficiency and innovation spreading through the rest of the economy?
What is most important, trust, effectiveness or innovation?