Bank Culture and Financial Reform: What Works?

Event

Summary
Date: 
March 19th 2015

Time: 4:00pm - 6:20pm  Venue: R405, Lionel Robbins Building, LSE (Map)
Organiser: Daniel Beunza (Department of Management / SRC)

Photographs: View photographs from the event here.

Blogs: Daniel Buenza and Quentin Millington have blogged about this event.

Bank culture is key to the success of the current efforts at post-crisis financial reform in banks and the City of London. The causes of the crisis that began in 2008 are now better understood, and the Salz Review, Kay Review and others specialists have pointed to a “toxic” bank culture. Improving the culture of banks and financial organizations is an important challenge that not only entails new regulation but also an internal commitment to cultural transformation. Given the novelty of this challenge, existing efforts in cultural transformation can benefit from an understanding of the policies that are being put in place in various banks and companies, and their relative effectiveness. This panel session will accordingly discuss a number of emerging initiatives that seek a healthier and more sustainable culture in banks and large financial organizations from the perspectives of the banks, academia, the regulators, and the media. 

This panel event will bring together academics and practitioners, and will foster an active debate about cultural change in banks in the City of London, addressing the following questions:
• What emerging practices are proving effective in reforming bank culture?
• What are the challenges in reforming bank culture, and how are successful initiatives overcoming these challenges?

Participants
Academic panelists: Sandy Pepper (LSE Department of Management), Andre Spicer (Cass Business School), Daniel Beunza (LSE Department of Management / Systemic Risk Centre)
Media panelist: Sarah Butcher (eFinancialCareers.com)
Banking panelists: Yann Gindre (former CEO, Natixis US)
Consultant panelists: Patricia Jackson (EY), Jo Geraghty (Culture Consultancy)
Chair: Joel Shapiro (Finance, Oxford Said Business School)

The event will be followed by a drinks reception.

This event is now fully subscribed.

For more information please contact Daniel Beunza.

This event is co-organised with the Department of Management and sponsored by the United Nations Principles for Responsible Investment.