In the world of investing, maturity has revealed significant practical shortcomings in combining environmental, social and governance.

Our panel of experts share their thoughts on some of the current and future challenges for traditional financial services firms.

Kramer is currently chief financial officer at Hellenic Bank and is a former CFO of financial services company ING.

While the appointment is an historic moment for the US banking sector, the Cambridge-educated Scot had long been tipped for the top.

Research finds an increasing number of ethical lapses reported in the tech industry, while banking and finance continues to be the biggest area for wrongdoing.

From compliance to new technology and broader stakeholder engagement, financial services firms today must be fighting fit in order to thrive. Enter the effective board, which must govern like never before. In this special report, we outline six key areas of knowledge and insight to equip boards for the unprecedented challenges ahead.

Boards of banks face an increasingly broad array of responsibilities when managing foreign subsidiaries, ensuring the parent company has control and oversight without sacrificing independence or creating a culture of complacency.

Since the collapse of Lehman Brothers and the ensuing crisis, the global financial system is safer and more robust, with stronger governance and regulation. But there remain striking differences between the structure and governance of US and European banks, which only the next crisis will truly put to the test.

Privatisation and self-regulation has created a financial services sector in the west that is rife with fraud and other criminal activity, says professor Nada Kakabadse of Henley Business School.

The resignation of Paul Pester as chief executive of TSB after an IT failure highlights the risks of tech going awry. But should the CEO always carry the can?