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