Summary of Banking in a Challenging Environment

Business Models, Ethics and Approaches Toward Risks

In: OECD Journal Financial Market Trends

OECD, more...

Buy the book

Banking in a Challenging Environment summary
In the wake of crises and scandals, what could restore public faith in financial institutions?


7 Overall

7 Importance

7 Innovation

5 Style


The global financial system should be based on trust. However, scandals and risk management failures have shaken the public’s confidence in the industry. Participants discussed this, among other challenges, at the October 2012 OECD Financial Roundtable. In this brief article, OECD economist Gert Wehinger reports on those discussions. Though his text reads like the minutes of a meeting and lacks depth, getAbstract believes it is a helpful overview of the current thinking among bankers, regulators and consumer advocates on the need for financial reform.

In this summary, you will learn

  • What threats banks face
  • What regulators, bankers and consumer advocates want from financial reform
  • How to regain public trust in finance


The October 2012 OECD Financial Roundtable explored issues threatening the stability of the financial sector. Financial crises and a string of scandals, such as LIBOR fixing and rogue trading, have weakened investors’ confidence. Re-establishing consumer faith is crucial but complicated and calls for...
Get the key points from this chapter in less than 10 minutes. Learn more about our products or log in

About the Author

Gert Wehinger is a senior economist at the OECD Directorate for Financial and Enterprise Affairs.

Comment on this summary

More on this topic

Customers who read this summary also read

More by category