I received the following comment from a reader the other day in relation to my articles on the Culture of Banking and he gave me permission to post it on my blog. I am sharing it with all my readers in the hopes that Jamie Dimon, Vikram Pandit and other heads of the leading global banks take notice of what business executives, investors and the public are asking for:
The power of a single person or a group of like minded people to act above the ethical and professional level required by regulation should not be underestimated. What John lays out should be a normal standard of conduct, not some sort of ideal. Why then is the idea of bankers acting with transparency, integrity, disclosure and honor so strange? Why would someone (Dimon?) NOT wake up one morning and decide to operate not to the (lowest common denominator) letter of the regulation but with total transparency and hold the industry to that standard? I for one would bank with such an institution!
Tight Lines . . .