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Risk, regulation and rehabilitation: bankers meet to gauge progress 

June 5, 2014
Steve Slater, Reuters

How far banks are along the path to rehabilitation will be thrown into sharp focus this week when politicians, central bankers and bank bosses gather in London - Europe's finance capital and also the site of many of the industry's ills.

Bank bosses say risk-taking has been cut and banking culture is on the mend but critics say more needs to be done to restore trust in an industry blamed by many people for the financial crisis, and to avoid the need for taxpayer bailouts.

Attendees at the annual spring meeting of the Institute of International Finance (IIF), the bank industry's leading lobby group, will meet in London for three days starting on Wednesday.

And they have a warning from International Monetary Fund chief Christine Lagarde ringing in their ears: Changes since the 2007-09 crisis have not been deep or broad enough and bankers still prize "today's bonus over tomorrow's relationship."

Read more: Reuters

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