City’s culture is hotbed of lawbreaking where regulation is rubbished – survey | Michael Meacher

Hang on a second!

Didn’t the Tories say Labour had failed to regulate the City effectively?

This is much, much worse!

Why has it only come out now – after the General Election?

The implications of the latest survey of the Ciry of London’s culture are stunning.

The study by University of Notre Dame and a law firm revealed that nearly a fifth of respondents believed that “financial service personnel must sometimes engage in unethical or illegal activity to be successful in the current financial environment”.

It found that there had been a ‘marked decline’ in ethics over the last 2 years and, most worryingly of all, that half the respondents regarded law enforcement and regulatory authorities as ineffective in detecting, investigating and prosecuting securities violations.

Source: City’s culture is hotbed of lawbreaking where regulation is rubbished – survey | Michael Meacher

5 thoughts on “City’s culture is hotbed of lawbreaking where regulation is rubbished – survey | Michael Meacher

  1. Bill Kruse

    You don’t follow Rowan Bosworth-Davies, do you? Time you did, he’s an ex high-level City copper been banging on about this for years. So’s Max Keiser and Zero-Hedge off the top of my head…

      1. Bill Kruse

        And Ian Fraser who wrote Shredded? I thought I saw you and him tweeting the other day… @ian_fraser, here’s Rowan’s blog http://rowans-blog.blogspot.co.uk/ but you need to follow him on Linkedin too as I think he writes some exclusively on there too, Max Keiser has his own show on RT you can catch here http://www.maxkeiser.com/ , zero-hedge is at http://www.zerohedge.com/ you want the Tyler Durden ones really and then only the ones which deal with events affecting us here. Do you know about the banks breaking up viable companies and selling the assets off for short-term profits? Follow @smeallianceltd to find out about that… can’t believe you didn’t know about this stuff, you’ll get your eyes opened if you read these people.

  2. Thomas

    Jail the offenders, as fines are just passed on to the bank customers in higher charges.

  3. Jeffery Davies

    Ah those fraudulent banksters still robbing still doing whot they know best walking around freely under the government’s watch

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