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Tag Archives: FSA
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 →
Posted in Uncategorized | Tagged Audit Commission, Care Quality Commission, Commodity Futures Trading Commission, CQC, Financial regulation, Financial Services Authority, FSA, Government, politics, United States | Comments Off on Why do regulators fail to regulate?
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 →
Posted in coruption, leadership, management | Tagged Andrew Tyrie, Barclay, Bob Diamond, Financial Services Authority, FSA, LIBOR, London Interbank Offered Rate, Royal Bank of Scotland | Comments Off on Thoughts on Barclays, Diamond, and a corporate culture in crisis
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 →
Posted in coruption, culture, leadership, management | Tagged ABN Amro, Financial Services Authority, Fred Goodwin, FSA, Hector Sants, Lehman Brothers, RBS, Royal Bank of Scotland | 2 Comments