Scrooge learns a lesson from the financial crisis

An update of A Christmas Carol provides a cautionary tale for the financial sector as the ghosts of Banking Past, Banking Present and Banking Future warn Mr. Scrooge of the ruin that awaits the industry if it does not rebuild itself in a fair and transparent way that respects customers and workers.
The performance was held at the UNI Europa Finance conference in Dublin on December 11. Delegates from trade unions from 25 European countries and observers from another 12 countries in Asia, Africa and the Americas are at the Grand Hotel in Malahide to coordinate their plans to fight for a new level of transparency in labour representation in the restructuring of the finance industry.
The delegates plan to advocate for regulation and supervision created at a global level to cover all financial products and players in the industry and to ensure that trade unions are represented in supervisory structures.
The centrepiece of UNI Europa Finances response to the crisis is the call to give workers the right to serve their customers best interests.
Sales targets at banks have put ordinary employees in a situation where they cannot give good advice to their customers. As Scrooge finds out in the play, this model can only lead to the downfall of the industry.

Category:

Nonprofits & Activism

Tags:

• Dublin
• UNI
• Global
• Union
• Finance
• Europe
• Europa
• Christmas
• Carol
• Financial
• Crisis
• Scrooge
• Banking
• Sales
• Bonuses
• Bankers