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'My Word is my Bond' - But can we really trust the City of London?
The City liked to pride itself that it lived up to the Stock Exchange motto, ‘My word is my bond’, but this claim has no credibility with the public following the banking crisis. There is nostalgic talk of the need to return to old values but did the City’s culture, ethics and business practices ever meet the ideal? Philip Augar looks at whether it is possible to establish a credible ethical code in the modern financial world. Recorded live at Bishopsgate Institute on 12 October 2010.