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Financial regulation: With Griffith-Jones’ appointment, Britain keeps it in the family

By Ian Fraser Published: Qfinance Date: June 18th, 2012 I was surprised and exasperated to learn last week that chancellor George Osborne has rubber-stamped the appointment of John Griffith-Jones, the senior partner of KPMG, as chairman-designate of the Financial Conduct Authority, one of the two financial regulators that will take over from the soon-to-be-disbanded FSA. As […]

June 18th, 2012 | Posted in Article Library,Blog | Read More »

Rowan Bosworth-Davies | It’s time we stopped assuming bankers are gentlemen

April 4th, 2012 In the third in a series of guest posts, Rowan Bosworth-Davies, a financial crime consultant and former Scotland Yard detective, examines the strange assumption that ultimately led to the failure of the FSA When I was a detective at the Metropolitan Police Company Fraud Department, in 1984, my commander sent me to the USA to […]

April 4th, 2012 | Posted in Blog | Read More »

Fear and loathing in City of London as Barnier taps consumer power

By Ian Fraser Published: QFINANCE Date: April 4th, 2012 Michel Barnier is viewed with a mixture of fear and loathing in the City of London. In the Square Mile the Frenchman is variously regarded as a bogeyman, a champion of dirigisme, and even as the ringleader of a sinister Franco-German plot to undermine London’s position and ensure […]

April 4th, 2012 | Posted in Article Library,Blog | Read More »

Reform at what cost?

By Ian Fraser Published: CA Magazine Date: April 2nd, 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 crisis, the banks had never […]

April 2nd, 2012 | Posted in Article Library | Read More »

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

March 16th, 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 (pictured right), is perhaps best known for his 1949 book ‘White […]

March 23rd, 2012 | Posted in Blog | Read More »

MF Global collapse prompts regulatory rethink in Washington

By Ian Fraser Published: QFINANCE Date: February 8th, 2012 A commissioner at a leading US financial regulator has launched a stinging attack on his own organization, accusing it of having its priorities all wrong. Scott O’Malia accused the Washington-based Commodities Futures Trading Commission, an agency of the US Federal government, of becoming so bogged down in […]

February 8th, 2012 | Posted in Article Library,Blog | Read More »

Does RBS boss Stephen Hester deserve his £1m bonus?

By Ian Fraser Published: QFINANCE Date: January 27th, 2012 The board of Royal Bank of Scotland and its remuneration committee, led by the ex-Coca Cola executive Penny Hughes but also comprising ex-Standard Life boss Sandy Crombie, must have decided let’s just go for it and to hang with the consequences. The RBS board of directors […]

January 28th, 2012 | Posted in Blog | Read More »

James K Galbraith: Wall Street so riddled with fraud, it’s beyond repair

October 3rd, 2011 So it was endemic fraud and the collapse of the rule of law—not global imbalances or government and regulatory failure—that destroyed the financial system. In a keynote speech given at the Post Keynes conference in Denmark earlier this year, the Keynesian economist James K. Galbraith of the L.B.J. School of Public Affairs at the University of Texas at […]

October 3rd, 2011 | Posted in Blog | Read More »

Cameron must not go soft on the banks

By Ian Fraser Published: Sunday Herald Date: September 3rd, 2011 As leader of the opposition, David Cameron gave the impression he intended to be tough on the banks. In an interview with Sky News in January 2009, he called for criminal actions against bankers and earlier said we needed “a day of reckoning” for those […]

September 4th, 2011 | Posted in Article Library,Latest Articles | Read More »

Europe’s short selling bans suggest the lessons of 2008 have gone unlearnt

By Ian Fraser Published: QFINANCE Date: August 12th, 2011 The temporary short selling bans that have been imposed by Belgium, France, Italy and Spain in the hope of rooting out perceived market abuse and trying to restore a semblance of calm to volatile financial markets have gone down like a lead balloon in the markets. Investors, industry […]

August 12th, 2011 | Posted in Article Library,Latest Articles | Read More »