After the Ferrari is Gone: Trust in the Financial Services Industry

10 years after Lehman, only a slim majority trust the financial services industry. Rebuilding trust takes transparency, accountability and a focus on the real economy which should be good news for Islamic finance

The Global Financial Crisis was a decade ago. The global economy has recovered from the crisis with economic output higher and many investment products doing well. But to many people, it doesn’t feel like a success and the financial industry has not regained the trust of the public. One of the critical ingredients needed is to break a cycle of distrust by promoting more transparency and accountability to show where financial institutions are working to rebuild trust.

What is needed, and what we propose, aims to address legitimate concerns from civil society repre...