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Why we should worry about FRC evasiveness over HBOS

In Blog by Ian Fraser1 Comment

30 March 2016 By Atul K. Shah The failure of the UK’s fifth largest bank, HBOS, led to over £52 billion of losses, and had a significant impact on jobs, pensions and savings for thousands of people. In spite of a large number of enquiries and reports, no-one has gone to …

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UK regulators pronounce on HBOS

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Financial Intelligencer Date: 18 November 2015 Seven years since HBOS crashed and burned, we are about to find out why, from a report to be jointly published on Thursday morning by the UK’s Financial Conduct Authority and Prudential Regulation Authority (part of the Bank of England). …

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Bill Black: We’ve given bankers a licence to defraud

In Blog by Ian Fraser1 Comment

February 7th, 2015 As a U.S. Federal litigator, Bill Black had a pivotal role in ensuring that hundreds of the bankers behind the U.S. savings and loan crisis of the late 1980s were put behind bars. Since then, he’s become increasingly exasperated by his country’s failure to prosecute any senior bankers for the …

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Martin Wheatley: Elements of UK banking culture “rotten to the core”

In Blog by Ian Fraser2 Comments

September 7th, 2012 The managing director of the Financial Services Authority, Martin Wheatley, has launched a stinging attack on ‘mis-selling’ of financial products by banks, building societies and other financial institutions to their retail customers, even describing the incentive schemes that underpinned the ‘misselling’ of payment protection insurance (PPI) as …

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Reform at what cost?

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: CA Magazine Date: 2 April 2012 New regulations for banks aim to prevent a repeat of the 2008 meltdown, but are they in fact hampering their ability to do business and aid economic recovery, asks Ian Fraser During the two decades leading up to the banking …

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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 …