"On 27 May 2014 at the Mansion House and Guildhall in London, the Lord Mayor of the City of London and E.L. Rothschild are hosting
The Conference on Inclusive Capitalism: Building Value, Renewing Trust Link"The Conference has been organised by The Initiative for Inclusive Capitalism and the Financial Times.
"Lady Lynn Forester De Rothschild, chief executive officer and founder at EL Rothschilds, discusses the relationship between business and society as a whole."
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| Link to The Guardian |
"IMF chief says banks haven't changed since financial crisis"
"The head of the International Monetary Fund has warned that a persistent violation of ethics among bankers and rising inequality pose a major threat to growth and financial stability.
Christine Lagarde told an audience in London that six years on from the deep financial crisis that engulfed the global economy, banks were resisting reform and still too focused on excessive risk taking to secure their bonuses at the expense of public trust.
She said:
"The behaviour of the financial sector has not changed fundamentally in a number of dimensions since the crisis.
While some changes in behaviour are taking place, these are not deep or broad enough. The industry still prizes short-term profit over long-term prudence, today's bonus over tomorrow's relationship.
Some prominent firms have even been mired in scandals that violate the most basic ethical norms - Libor and foreign exchange rigging, money laundering, illegal foreclosure."
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