As another World Economic Forum comes to a climax, global leaders remain at odds over the role of financial regulation, and whether the industry has learned from the mistakes of the past.
In a CNBC hosted seminar on the last day of the Davos event, Katherine Garrett-Cox, the CEO of investment and savings business Alliance Trust told an audience that 2015 will be a definitive year for the industry and wanted leaders to "step right up to the plate up" and "stop talking about stuff and actually start doing stuff."
She added: "There is so much more we can accomplish, but we can't do that behind the bars of a prison cell."
Garrett-Cox believes that finance hasn't seen much of a culture change since the global financial crash of 2008, and said that the "bigger have got bigger" by virtue of some banks failing.
Therefore, she argued there is an increased the risk of another financial crisis.
Why we're still waiting for a banking 'culture shock' The CEO said that 2015 would be the ultimate test on whether public-private partnerships actually work, and called on business leaders to realize that they have to be more "socially useful," as she put it.
Read more: "It was the behavior of a few that have tarnished of many, there are a number of people that are doing really good work. But at the end of the day my frustration is that it's not happening fast enough,"