Dutch bankers to take an oath

Netherlands Flag

The sinners of the banking industry seem so uncowed by regulators and prosecutors that one country is trying a higher deterrent: the fear of God.

The New York Times reports that in the financial industry equivalent of the Ice Bucket Challenge, executives in the Netherlands have been taking the bankers’ oath.

“I swear that I will endeavor to maintain and promote confidence in the financial sector,” the oath reads in part. “So help me God.”

So far, the Dutch banking industry has required the oath only for top executives. But starting next year, all 90,000 of the country’s bankers will be required to swear it. If they break the pledge — which consists of eight integrity vows, including putting clients’ interests first and taking care of shareholders — they can face fines or suspensions, or be blacklisted.

Hit the link below to access the complete New York Times article:

Netherlands Asks Bankers to Swear to God

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