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The Inquiry: Can You Make Bankers Behave Better?

Can You Make Bankers Behave Better?

05/07/2016 GMT

BBC World Service - The Inquiry, Can You Make Bankers Behave Better?

Exploring how individual bankers might be nudged into better and safer choices

Big banks have been fined billions following the financial crisis. But behind them are individual bankers, taking everyday decisions. Could they be nudged towards safer choices?

The $5bn settlement recently agreed by Goldman Sachs is the latest in a long list of multi-billion dollar fines paid by banks implicated in the 2008 financial crisis. But behind these giant corporations are individual bankers, taking everyday decisions. It is those decisions which really matter. If you could find a way to nudge bankers towards better and safer choices, building a culture of integrity, you might avoid future financial trouble. But can you make bankers behave better? Taking evidence from witnesses including a Goldman Sachs insider and a regulator deploying psychologists in banks, The Inquiry looks for an answer.

(Photo Montage: Bankers/Stock market charts/City of London. Credit to Getty)

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