Report: Bankers still focused on short-term goals

20 September 2012

Bankers across the world are still motivated primarily by short-term goals as the global economic crisis rumbles on, a new study has established.

Research conducted by the Economist Intelligence Unit (EIU) has established that this is the case for 84 per cent of all leading professionals in the financial industry, whereas 62 per cent believe being socially responsible is important.

Indeed, despite the high level of public anger directed towards banks over the last five years, just over half (54 per cent) see themselves as accountable to society, while 65 per cent feel their remuneration package reflects what they are worth.

However, 73 per cent of banking executives admitted their company is making a conscious effort to enhance their firm's transparency with their shareholders.

Abhik Sen, editor of the report, commented: "There are both worrying and hopeful signs that the financial services sector has learnt its lessons from the crash."


By Gary Cooper

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