3 structural changes needed for a sustainable financial sector
Julia Groves, chair of the UK Crowdfunding Association offers three pieces of advice needed in order for trust to be regained in the financial sector.
Post credit crisis, the financial services industry is often seen as little more than a necessary evil for many people: something we don’t like living with, but can’t live without. It’s sad to say but trust is unlikely to feature in any word association game if the origin word is “City”. We have seen what happens without trust – the run on Northern Rock bank seven years ago and the huge global momentum of the Occupy movement.