In the Wolf of Wall Street, the main protagonist is a hedonistic stockbroker in his 20s whose main purpose is to con wealthy clients with a ‘pump and dump’ strategy before he is eventually jailed. Before I came to the City, I thought I was entering a mystical world where Porsches were delivered every February, there was no-expense spared technology, and that if you work hard, success was guaranteed.Įven today, any aspiring banker watching the BBC’s series Industry would be left with the impression that graduates spend more time partying and plotting than working. The world of film and television focuses on the reckless and scandalous trope as – frankly – it makes for more exciting viewing. The culture of financial services organisations is often depicted in binary terms: it is either dull and Jurassic or reckless and scandalous. Just 5% of crypto firms who applied to the FCA for registration showed that they understood anti-money laundering rules but half of those who engaged seriously with us were registered.
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