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Vocational Banking: Restoring trust and confidence in financial services
28th May 2015
On the 28th May 2015, ResPublica hosted a breakfast panel session entitled Vocational Banking: Restoring trust and confidence in financial services.
Featuring a keynote speech from Martin Wheatley, Chief Executive of the Financial Conduct Authority, the event builds on the success of ResPublica’s report Virtuous Banking, discussing the ways in which we can begin to renew banking culture based on the concept of vocation and personal responsibility, and the benefits this can bring to both industry and consumer.
Press interest in the event was significant, with coverage featuring in the FT, City AM, Reuters, the WSJ, the FT Adviser and BBC Radio 2.
Our expert panel:
- Alison Cottrell, CEO, Banking Standards Board
- Chris Jolly, Chairman, CivilisedInvestments
- Sharon Bowles, Non-Executive Director, London Stock Exchange.
Further reading:
- Martin Wheatley’s keynote speech in full
- The Bankers’ Oath
- Vocational Banking: How can we restore trust and confidence in financial services?
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Time
09:00 - 11:00
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Author(s)
David Fagleman
Research Associate
David worked in ResPublica’s Prosperity Programme from 2013-2015. He worked on several publications including Making Markets Work for the Many: How Civic Finance can open up markets and widen access,...
Elliott Mears
Events & Communications Manager
Elliott is responsible for Events and Communications at ResPublica. He graduated from the University of Southampton with a BSc in Politics and International Relations, having won the Peter G Richards...
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Anthony Sampson in his 1962 book, ‘Anatomy of Britain’, said this about bankers:
“In their dedication, their lack of greed, and their sense of quiet service, the joint stock bankers provide a placid, safe centre to financial Britain: one can no more imagine a bank going bust than the monarchy falling.”
Anatomy of Britain, (London: Hodder and Stoughton, 1962), p. 375.
As part of renewing the profession of banking, it might be a good idea for bankers, as part of their training and continuing professional development, to learn about the history of banking, and the history of financial and banking crises.