Well, the first FCA/PRA enforcement decision against a senior manager – a CEO, no less (Barclays’ CEO, Jes Staley) – is out and can be read here. Mr Staley is fined – a total of £642,430 – and Barclays has also announced that his bonus has been reduced by £500,000. All very aggravating for Mr Staley, no… Read more »
According to David Kynaston’s history of the Bank of England (Till Time’s Last Stand), financial crises of one sort or another seem to occur at roughly 10-year intervals and, usually, in the autumn. Oh dear! Let’s hope then all the lessons of the last crisis have been properly learnt. After all, as a famous financial… Read more »
Another day. Another IT failure, this time in the NHS where a “computer algorithm failure” meant that for the last 9 years women over 68 were not called for breast cancer screening. Some may have died as a result. Eminent cancer specialist, Karel Sikora made the point today that this should have been spotted sooner – “Alarm bells… Read more »