Posted by Hari on Friday, December 14, 2012 with 2 comments | Labels: banks, credit crunch, FSA, regulation
Chris puts KJ and Fee right...
BACKGROUND:
Former FSA boss Hector Sants joins Barclays as head of compliance
The former chief City watchdog is joining Barclays bank in a newly created role to overhaul the bank's compliance procedures following the Libor interest rate-rigging scandal and to rebuild its battered relationship with financial regulators. Stephen Gilchrist, head of City legal firm Saunders Law, said: "Appointing Hector Sants as head of compliance is a bit like Mary Queen of Scots appointing her executioner to represent her best interests. Talk about gamekeeper turned poacher." GUARDIAN
OUR RELATED STORIES:
The Guardian reports:
ReplyDelete"Royal Bank of Scotland recruits former FSA regulator: Jon Pain, who worked at Financial Services Authority until 2011, takes new role overseeing regulatory affairs at bailed out bank"
http://www.guardian.co.uk/business/2013/may/27/royal-bank-scotland-recruit-former-regulator
BBC reports:
ReplyDelete"Dave Hartnett, the former head of HMRC who was criticised for "sweetheart deals" with big firms, has become a consultant to tax firm Deloitte."
http://www.bbc.co.uk/news/business-22686877