Tag: Bank of England

Is this a step too far for nailing bankers?

Is this a step too far for nailing bankers?

In August 2014 London Mayor Boris Johnson called for ‘guilty until proven innocent’ to become the law for suspected terrorists. He argued for a reverse of the normal presumption of innocence for those who travel to Iraq and Syria.[1] Let’s not stop at terrorists though. Why not bankers? New laws […]

High rollers with low morals

High rollers with low morals

“With so many people rolling the dice in hopes of a big score, there are bound to be some winners, their rich rewards raise wealth inequality even further.” This conclusion by Edmund Phelps, winner of the 2006 Nobel Prize for Economics has important implications  for the ethical behaviour, or rather […]

Shredding no longer a simple, innocent action

Shredding no longer a simple, innocent action

Shredding Enron documents virtually destroyed Arthur Anderson, a once world-class consultancy. The latest news about shredding of committee minutes about Forex at the Bank of England may not be in the same league. Such activity though, could undermine the integrity and reputation of the bank. This danger explains why the […]