Bankers Season 1 Episode 1 Fixing the System

Documentary series examining recent scandals that have shaken the financial sector, and the revelations of complacency, greed and recklessness that shattered trust in the system.

Bankers - 1. Fixing The System

The dramatic inside story of the scandal that ripped through the banking industry in 2012 and took down a banking legend, Bob Diamond. In the first of a new three-part series, bank bosses, regulators and politicians give frank first-hand accounts of how the balance of power has finally started to shift away from the masters of the universe. Ironically, this game-changing crisis erupted over the widespread rigging of an obscure rate-setting mechanism, Libor, rather than over the tumult of the financial crash. Some say it took this latest scandal to expose a profit-at-all-costs cynicism that they believe has corrupted the heart of our banking system; all agree things need to change. Former Barclays chairman Marcus Agius, RBS boss Sir Philip Hampton, deputy governor of the Bank of England Andrew Bailey and Jean-Claude Trichet examine the difficult new dilemmas about what we want and need from our bankers, and whether we can trust them again.

http://www.bbc.co.uk/iplayer/episode/b01sf11c/hd/Bankers_Fixing_The_System/

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Comment by Maria De Wind on May 10, 2013 at 11:21am

Comment by Less Prone on May 9, 2013 at 8:00am: We can trust the bankers to screw us, but that's not why we go to bank.

Comment by truth on May 9, 2013 at 12:00am

Can we ever trust bankers again? A three-part series looks at the disasters and scams that have brought the reputation of our financial institutions to an all-time low. The first programme focuses in particular on last summer’s Libor scandal — the interest-rate-rigging that went on for years and showed the system wasn’t just unsafe, a key part of it was corrupt, too.

For its part in that scandal, Barclays was fined £290 million; the bank’s former chairman, Marcus Agius, is among those interviewed for the programme, as are RBS boss Sir Philip Hampton, deputy governor of the Bank of England Andrew Bailey, and former president of the European Central Bank Jean-Claude Trichet.

About this programme

1/3. New series. Bosses, regulators and politicians give first-hand accounts of how the balance of power may have started to shift away from bankers, with the Government doing more to control their practices than ever before. The first edition gives an insight into the Libor interest-rate fixing scandal that rocked the industry last summer. Featuring contributions by former Barclays group chairman Marcus Agius, RBS head Philip Hampton, the Bank of England's prudential regulation deputy governor Andrew Bailey and European Central Bank ex-president Jean-Claude Trichet, who examine what the public require from bankers and whether their trust will ever be regained. Narrated by Alex Jennings.