Bankers can’t improve ‘behind a prison cell’: CEO

Maybe if they were behind bars they wouldn’t be bigger and still the same. Is she blond?

Justice League

As another World Economic Forum comes to a climax, global leaders remain at odds over the role of financial regulation, and whether the industry has learned from the mistakes of the past.

In a CNBC hosted seminar on the last day of the Davos event, Katherine Garrett-Cox, the CEO of investment and savings business Alliance Trust told an audience that 2015 will be a definitive year for the industry and wanted leaders to “step right up to the plate up” and “stop talking about stuff and actually start doing stuff.”

She added: “There is so much more we can accomplish, but we can’t do that behind the bars of a prison cell.”

Garrett-Cox believes that finance hasn’t seen much of a culture change since the global financial crash of 2008, and said that the “bigger have got bigger” by virtue of some banks failing. Therefore, she argued there is an…

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