Quote of the day

We can draw some parallels here with our expanding environmental consciousness. Not so long ago, we had much higher levels of pollution, and littering was commonplace. Today, we are more educated about these issues, and more in the habit of respecting the planet. By comparison, the equivalent kind of awareness in the financial sector—the idea that private misbehaviour can have a broader social cost—is only in its early stages... Just as we have a long way to go to reduce our carbon footprint, we have an even longer way to go to reduce our “financial footprint”.
Christine Lagarde, Managing Director IMF, 27 May 2014

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