Policy Center Panel Discussion: Cultural Change in Banking

When:10 June 2015
, 18:00
 - 19:30
Where:Festsaal, Casino building, Campus Westend, Goethe University Frankfurt

Policy Center Panel Discussion: Cultural Change in Banking 

Panelists:

Joris Luyendijk, The Guardian

Thomas Mosk, Research Center SAFE

Daniel Mikkelsen, McKinsey & Company

Moderator: Hans-Helmut Kotz, Program Director SAFE Policy Center

 

Abstract 

“Culture” is the buzzword of the moment for banks. Last year, many large banks announced programs to change their corporate culture. This is largely in response to regulations which address corporate governance and culture in banks. Regulators seem convinced, that “bad behavior” in the banking industry has deeper roots than merely a few bad apples. Still, even regulators acknowledge culture is a difficult thing to measure. The SAFE Policy Center invites the anthropologist and Guardian journalist Joris Luyendijk to discuss bank culture. He spent two years in London, investigating the social mechanisms in the financial sector and interviewed more than 200 bankers. He shared his insights and discoveries on The Guardian’s banking blog and recently published a book on bank culture. The Center Panel Discussion which follows Luyendijk’s talk will touch questions such as: What shapes bank culture? Is culture to blame, and if so, can it be changed? Joris Luyendijk will be joined by Daniel Mikkelsen, representing the industry and Thomas Mosk, bringing in an academic perspective on the topic.