200 bankers fail ethics test

An ethics test for young bankers by the Chartered Institute for Securities & Investment (CISI) has had a 98 per cent pass rate since its relaunch in April, the professional body has said.

But this means that 200 of the 10,000 taking the test failed to achieve the A or B grade required to take the Capital Markets Certificate 3 exam.

Head of professional standards at the institute Andrew Hall told the Times, “you have to work quite hard to do that badly”.