Tag Archives: Financial Services Authority

Why do regulators fail to regulate?

Posted on July 21, 2012 by lawrence serewicz

When people hear about regulators failing to spot problems, they often think the regulators are incompetent.  The headlines around these cases present a picture of regulators unwilling, unable, or unprepared to do their jobs.  Even though regulators may have flaws, … Continue reading →

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Three reasons why Bob Diamond will stay and lessons in crisis management

Posted on June 30, 2012 by lawrence serewicz

This blog post has been overtaken by events. Bob Diamond resigned on 3 July 2012. It is unlikely that the LIBOR scandal as described in the FSA report is going to be enough to remove Bob Diamond from Barclays. There … Continue reading →

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Thoughts on Barclays, Diamond, and a corporate culture in crisis

Posted on June 29, 2012 by lawrence serewicz

As I read the report published by the Financial Services Authority (FSA) for the fine of £59 million against Barclays Bank for the recent LIBOR fixing scandal, I was struck by how Bob Diamond’s letter to Andrew Tyrie seemed to … Continue reading →

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RBS vs. Lehman Brothers failures in leadership, culture, and regulators.

Posted on June 26, 2012 by lawrence serewicz

In January 2012, the Financial Services Authority published its report on the Royal Bank of Scotland’s (RBS) failure. The report is surprisingly candid. It is also a rarity.  The FSA does not usually publish its regulatory reports. However, the size … Continue reading →

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