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Institute Calls for Professionalism to Restore Public Trust in Banking

The Chartered Banker Institute has responded to a new YouGov survey on behalf of campaign group Positive Money, which found a majority of Britons do not trust banks and think they did not face severe enough penalties for their part in the 2008 financial crisis.

Simon Thompson, Chief Executive of the Chartered Banker Institute commented, “To ensure that banks and bankers work in the interests of society, we need to return to the idea that banking is a profession, with the public interest at its heart. Despite progress over the past decade, policymakers, regulators and the banking industry could and should do more to enhance and sustain professionalism – one of the strongest defences we have against potential future misconduct and to prevent future financial crises.”

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