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Guest blog: The ICAEW’s Michael Izza is wrong on UK status

18 March 2016 By Tony Shearer In the current issue of economia, house magazine of the Institute of Chartered Accountants in England and Wales, the institute’s chief executive Michael Izza (pictured right) let it be known that the UK had, once again, become one of the world’s ten least corrupt countries, citing Transparency International’s 2015 “global […]

March 18th, 2016 | Posted in Blog | Read More »

The 47 scandals that prove it’s no time to go soft on banks

19th November 2015 In an important speech given at the Finance Watch conference in Brussels on Tuesday, Robert Jenkins — a former member of the Bank of England’s financial policy committee — highlighted the dangers of a two-tier justice system in which senior bankers are effectively ‘above the law’. He also said that 47 banking scandals and the feeble nature of most […]

November 19th, 2015 | Posted in Blog | Read More »

Was Mallett thrown to the wolves to save BoE’s skin?

November 12th, 2014 Guest Post by Rowan Bosworth-Davies One of the major unexplained elements in the foreign exchange (forex) rigging case is the level of knowledge of manipulative activity possessed by the Bank of England. If it, as a leading market participant and a regulator, had prior knowledge that the forex markets were being manipulated, or […]

November 12th, 2014 | Posted in Blog | Read More »

Dear Mr Cameron: Please explain why bankers are now considered above the law

December 15th, 2012 An open letter to David Cameron, the Prime Minister of the United Kingdom of Great Britain and Northern Ireland, from Mrs N Turner Dear Mr Cameron, I and many other people were stunned by the quotes from Mr Andrew Bailey, the chief executive-designate of the Prudential Regulation Authority, which were reported in the Daily Telegraph […]

December 15th, 2012 | Posted in Blog | Read More »

Carney—Saviour of the United Kingdom?

November 26th, 2012 Finally, the UK chancellor of the exchequer George Osborne has done something right. He has appointed Mark Carney, the current governor of the Bank of Canada, as the next governor of the Bank of England. Carney is due to succeed Sir Mervyn King on 1st July 2013. I guess the bookies have […]

November 26th, 2012 | Posted in Blog | Read More »

Illusion of unassailability leads to fresh outbreak of ‘mad banker disease’

November 6th, 2012 By Gordon Neave Picture: The Economist During the late 1980s and early 1990s British bankers changed for the worse. Having spent most of the past three centuries as financial herbivores — solid, reliable and rational members of the community — they metamorphosed into wild, hungry carnivores. Fuelled by commissions, bonuses and greed, […]

November 6th, 2012 | Posted in Blog | Read More »

Have we really rebuilt the Royal Bank of Scotland?

By Ian Fraser Published: Sunday Herald Date: October 21st, 2012 Stephen Hester and Sir Philip Hampton may be in bullish mood, but is RBS as strong as they claim? By Ian Fraser (Image: The Sun) THE chairman and chief executive of Royal Bank of Scotland had something of a spring in their step last week. The […]

October 21st, 2012 | Posted in Article Library | Read More »

FSA plays dangerous game with relaxation of capital rules

October 10th, 2012 Today the Financial Services Authority formally relaxed capital and liquidity rules on UK banks in the vague hope this might kickstart lending and do something to ensure the UK economy can pick itself up off the floor. The Canary Wharf-based regulator also said that it would not require banks to hold extra […]

October 10th, 2012 | Posted in Blog | Read More »

Prem Sikka: Without proper curbs on predatory capitalism, recovery will elude us

October 8th, 2012 Despite a banking and financial crisis of near biblical proportions in 2007-09, which saw the collapse and state-funded rescue of many of Britain’s banks, the country’s regulators have singularly failed to get to the bottom of what happened. The way in which the Financial Services Authority has sought to close the book […]

October 8th, 2012 | Posted in Blog | Read More »

Robert Jenkins: Puncturing bankers’ myths

September 26th, 2012 [Ian Fraser’s introduction] In this speech, Robert Jenkins blows apart the self-serving myths that bankers and their lobbyists have been peddling since the financial crisis ripped the financial system apart in 2007-. He also explains that ‘captured’ regulators and politicians have swallowed the myths whole. As a result, post-crisis regulatory reform is a mess […]

September 27th, 2012 | Posted in Blog | Read More »

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