Institute calls for professionalism to restore public trust in banking

The Chartered Banker Institute has today 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."

ENDS

Notes for Editors

About the Chartered Banker Institute

The Chartered Banker Institute is the oldest professional banking institute in the world. The Institute was founded in 1875, operates in all UK nations, and has a significant and growing international presence

The Institute has driven an agenda of ethical professionalism throughout its existence; promoting professional standards for bankers, providing professional qualifications for retail, commercial and private bankers in the UK and overseas, and offering professional membership to qualified individuals. The Institute currently has over 30,000 members and in 2017, over 175,000 individual bankers met the Chartered Banker: Professional Standards Board’s Foundation Standard.

For further information contact:

Matthew Ball, Head of Public Affairs, Chartered Banker Institute

Tel: +44 (0)7720 684226

E-mail: matthew.ball@charteredbanker.com


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