Tag Archives: FSA

Why do regulators fail to regulate?

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

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.

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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