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Foreign Exchange

Euromoney 40th anniversary special: Mike Rees, chief executive of wholesale banking, Standard Chartered

The world has changed: so must banks.

Thought leadership

The leaders of nine of the world’s pre-eminent financial institutions discuss the challenges facing the global banking industry: restoring trust among policymakers and stakeholders; avoiding regulation that will hurt economies as well as banks; bringing compensation back into line; and making money in a radically changed world.
Lloyd Blankfein, chairman and CEO, Goldman Sachs: How to safeguard the value of risk capital
Ken Lewis, chief executive and president, Bank of America: Global reach and capital remain king
Bob Diamond, president, Barclays: Banks must work with regulators to shape a prosperous future
Paul Calello, chief executive, Credit Suisse: We must apply the lessons of the crisis
Josef Ackermann, chairman of the management board, Deutsche Bank: Banking industry must regain trust
Stephen Hester, chief executive, RBS Group: Earning our way back to respect
Emilio Botín, president, Banco Santander: The basics don’t change
Mike Rees, chief executive of wholesale banking, Standard Chartered: The world has changed: so must banks
Dieter Rampl, chairman, UniCredit Group: Putting the teeth into corporate governance

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An extraordinary decade of consumption in the west, fuelled by an unprecedented use of leverage and level of liquidity, has created the most rapid and dramatic change in the distribution of wealth seen in the history of the world.