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In medieval Catalonia the good behaviour of bankers was deemed so important that if they went bankrupt, they were publicly disgraced by town criers, and given nothing but bread and water to eat until creditors were paid off.
A think tank proposes financial workers should make a pledge about their behaviour similar to the Hippocratic Oath of doctors.
Bankers should swear an oath “never to harm” their customers in the same way as doctors do, a think-tank has said.
The banking industry must undergo further reform before it can introduce an equivalent of the Hippocratic oath, Sir Richard Lambert has said.
ResPublica have drawn up an oath which they believe bankers should be made to swear on after a series of banking scandals.
ResPublica will be launching its latest report: Virtuous Banking: Placing ethos and purpose at the heart of finance on 29 July.
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.
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