Resources

There are some fairly basic, decisive steps banks could take to educate people outside the financial mainstream, and it would make banking more profitable, says John Bryant, the chairman and CEO of the nonprofit Operation Hope.

Directors of financial institutions should be subject to professional certification standards like those for pilots or nurses, says Stephen Platt, author of "Criminal Capital: How the Finance Industry Facilitates Crime."

Financial industry reforms place too much emphasis on risk control systems, missing the importance of influencing people's behavior, says Stephen Platt, author of "Criminal Capital: How the Finance Industry Facilitates Crime." He also discusses why clawbacks of banker pay, bonus caps and large fines against institutions that fail to deter to reckless conduct.