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Fixing The System

Episode 1 of 3

Documentary series examining the shift in power from the financial sector and the significance of the Libor scandal. With frank accounts from bosses, regulators and politicians.

The dramatic inside story of the scandal that ripped through the banking industry in 2012 and took down a banking legend, Bob Diamond. In the first of a new three-part series, bank bosses, regulators and politicians give frank first-hand accounts of how the balance of power has finally started to shift away from the masters of the universe. Ironically, this game-changing crisis erupted over the widespread rigging of an obscure rate-setting mechanism, Libor, rather than over the tumult of the financial crash. Some say it took this latest scandal to expose a profit-at-all-costs cynicism that they believe has corrupted the heart of our banking system; all agree things need to change. Former Barclays chairman Marcus Agius, RBS boss Sir Philip Hampton, deputy governor of the Bank of England Andrew Bailey and Jean-Claude Trichet examine the difficult new dilemmas about what we want and need from our bankers, and whether we can trust them again.

1 hour

Last on

Wed 8 May 2013 21:00

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Credits

Role Contributor
Narrator Alex Jennings
Director Guy Smith
Producer Guy Smith
Series Producer Ruth Shurman

Broadcast

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