Christine Lagarde, managing director of the International Monetary Fund, recently asserted, "While some changes in behaviour are taking place [in banking], these are not deep or broad enough. The industry still prizes short-term profit over long-term prudence, today's bonus over tomorrow's relationship."In recent Tapestry led discussions with bank leaders and regulators, culture change has continued to come up as a priority issue for banks to address. There are two potentially conflicting drivers for this:
