How to Avoid the Next Financial Crisis

Jamie Dimon, Chairman and CEO of JPMorgan Chase, attends a hearing by U.S. Senate Banking, Housing and Urban Affairs Committee about "A Breakdown in Risk Management: What Went Wrong at JPMorgan", in Washington D.C. Photograph by Xinhua/eyevine/Redux

The recent Libor and money-laundering scandals, along with the trading losses at JPMorgan Chase, have brought further unwanted headlines for the banking industry. These scandals, coming after a financial crisis that was caused by inappropriate behavior by bankers, is leading politicians and regulators to increasingly ask: “Why do we see a disproportionate amount of inappropriate behavior emanating from the banking industry?”

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