Following last week's revelations into Deutsche Bank’s activities around their
Libor fixings, the theme of investment bank culture remains a ‘Red Hot’ topic. The
subject of bank culture is looked at in this excellent paper from Chrysalis
Performance Consulting, who work extensively with banks in the area of
behaviour, conduct and culture.
The paper looks at how the culture inside investment banks evolved, and
aims to create greater understanding of the core issues surrounding investment
bank culture. In addition, this paper offers a re-appraisal of perspectives on
cultural change, from the current view where it is largely seen as addressing
something which is broken, to how it should instead be viewed as a powerful
enabler and a force for the better. The paper takes issue with many of the
current cultural change efforts which fall short on tackling the matter on a
behavioural level, and which they feel will at best lead to further frustration
and ineffective long-drawn-out cultural change.
The paper can be viewed on the following link, where it is available for
download.
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