The day-to-day gambles of Wall Street almost brought down global capitalism and yet,
so far, nothing fundamentally has changed. Restoring long-term confidence in the financial services industry requires more than individual banks changing their behavior or even government intervention and new rules. The financial services industry needs a new modus operandi, where by all of the key player (banks, insurers, investment brokers, rating agencies, and regulators) embrace principles such as transparency, integrity, collaboration and sharing of information.
The day-to-day gambles of Wall Street almost brought down global capitalism and yet, so far, nothing fundamentally has changed. Restoring long-term confidence in the financial services industry requires more than individual banks changing their behavior or even government intervention and new rules. The financial services industry needs a new modus operandi, where by all of the key player (banks, insurers, investment brokers, rating agencies, and regulators) embrace principles such as transparency, integrity, collaboration and sharing of information.
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