Sir Win Bischoff, Chairman of Lloyds Banking Group and one of banking's most respected elder statesmen, comments on Searching Finance's latest report 'The Future of Banking: Reconciling Risk, Profitability and the Public Interest'
“Much has been written about the causes of the financial and banking crises. In his new report ‘The Future of Banking: Reconciling Risk, Profitability and the Public Interest’ Steve Davis analyses some of the less frequently cited causes such as deficient bank governance, regulatory shortcomings and the drive for unrealistic profitability. He uses these same factors to offer a view – as only he can and not always very comforting! – about the future and how bank managements, regulators and investors will need to respond”.