The new Chair of the FCA, Charles Randell, is a critical and very welcome appointment. There will, of course, be much for him to deal with when he takes up his appointment. One thing for him to ponder is the somewhat depressing fact that the level of misconduct among firms was the same in 2015… Read more »
A recent FT article on rogue traders discusses some of the issues arising with how to stop them effectively. “The simplest and most frequent — and most depressing [sign] — is that people are liars,” says the first compliance executive. “People have lied on their CV quite often about something quite minor,” the executive adds…. Read more »
Greed and stupidity have always been with us. Read full article here