Euromoney 40th anniversary special: Mike Rees, chief executive of wholesale banking, Standard Chartered
The world has changed: so must banks.
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.