What do we really mean when we talk about ethics and culture? Is there a consensus, or do the words simply draw a veil over difficult questions about ourselves, our institutions and the way we structure our common life? Grapple with the substance and it can put us on the path to greater trust in banking and beyond (since problems that have afflicted the sector are not confined to it). Default to using ‘ethics and culture’ as a talismanic incantation and we flunk it.
When we approach ethics and culture thoughtfully, what we are really asking is, what is ‘good’ – what sort of people we want to be and what sort of community we want to live in. Things that are consistently good inspire trust. This may seem like an enormous leap from the day-to-day business of financial institutions, but only because we are operating under a series of misapprehensions.
With keynote from Emmanuel Faber, Chair, International Sustainability Standards Board (ISSB)
Plenary - Leading with purpose: asset owner expectations for the next 10 years
New climate commitments, greater reporting expectations and tighter manager monitoring are changing the relationship between asset owners and asset managers.
David discusses key themes in The Social Licence for Financial Markets.
In order to reorient financial markets towards social goods we need to change perceptions of finance. David Rouch tells Daybreak Europe's Roger Hearing and Caroline Hepker that regulation has a place, but so too does a recognition of finance's social purpose.
