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Rowan Bosworth-Davies | Has the UK rediscovered its appetite for prosecuting ‘white collar’ crime?

In Blog by Ian Fraser17 Comments

16 March 2012 In the second in a series of guest posts, Rowan Bosworth-Davies, a financial crime consultant and former Scotland Yard detective, provides a historical perspective on the UK authorities’ lack of appetite for prosecuting high level financial crime Edwin Sutherland, the American sociologist and criminologist, is perhaps best known for his …

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Ian Fraser interviewed by Talk Nation Radio

In Blog by Ian Fraser0 Comments

16 December 2011 Here is a half-hour interview that I gave to Dori Smith of Connecticut, US-based Talk Nation Radio on December 9th, 2011. One of the themes is the wilful blindness of the Financial Services Authority to corruption in the UK banking and finance sector (to listen, click on the …

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Mood against bankers turns uglier following FSA “whitewash”

In Blog by Ian Fraser0 Comments

15 December 2011 Writing in the Monday’s Daily Telegraph the Royal Bank of Scotland’s chairman Sir Philip Hampton said the FSA’s report into the RBS collapse would be “an important contribution to the steps needed to restore public trust in RBS, the banking sector, and our regulators”. Unfortunately, the report has done nothing …

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On banking, David Cameron is either clueless or a liar

In Blog by Ian Fraser1 Comment

5 October 2011 David Cameron displayed an astonishing lack of understanding of the banking sector in his interview with Sarah Montague on the BBC Radio 4 Today programme on Tuesday morning (as, I’m afraid, did Sarah, given her blinkered obsession with “bonuses”). If Cameron’s stumbling performance was due to ignorance, …

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Now it’s London’s turn

In Blog by Ian Fraser0 Comments

3 October 2011 It looks like the City of London is about to be occupied too. A group calling itself Occupy London intends to occupy Paternoster Square and the area around the London Stock Exchange near St Paul’s Cathedral in the Square Mile commencing Saturday October 15th. Inspired by the …

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Time magazine’s panegyric to the City is beyond parody

In Blog by Ian Fraser0 Comments

21 September 2011 It’s incredible how some journalists got it so wrong about the City of London just prior to the crash of 2007-09. In January 2007 Time Magazine’s Adam Smith wrote an unctuous feature about the Square Mile which lavished praise on Gordon Brown’s “light touch” approach to financial …

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How much did UBS know about Kweku Adoboli’s trades?

In Blog by Ian Fraser1 Comment

15 September 2011 So after Nick Leeson and Jerôme Kerviel, it seems that another ‘rogue’ trader is about to enter the annals of banking infamy. This time it’s the turn of the Nottingham University-educated market maker, Kweku Adoboli. Adoboli, a 31-year old trader in the bank’s City of London-based exchange-traded …

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Does Vickers go far enough?

In Blog by Ian Fraser1 Comment

12 September 2011 This morning I was listening to Nicky Campbell’s phone-in programme on BBC Radio 5 Live. The topic was the final proposals of Sir John Vickers’ Independent Banking Commission for reforming the UK’s banking system, which were published this morning. To many, including Philip Augar (who since leaving the …

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The City needs rehab; it’ll say ‘no, no, no’

In Blog by Ian Fraser1 Comment

11 August 2011 When my ex-boss Roger Neill launched the Centre for Creativity at City University London in winter of 2009, he staged a “Big City Brainstorm” which pulled together a diverse group of people – including several from the City of London. Roger and other people behind the Centre for …