13:18, September 20 55 0 theguardian.com

2018-09-20 13:18:04
Those who caused the financial crisis still haven’t been held to account

Alex Bailin’s article (Gordon Brown is wrong to say British banking is still a free-for-all, 16 September) is extraordinarily complacent. The fact is that the UK’s record on prosecuting the wrongdoing behind the financial crisis is extremely poor, with no senior executives charged (only lower-level employees) and no bank successfully prosecuted. Just in May this year, a judge dismissed charges in the only prosecution ever brought against a bank for financial-crisis wrongdoing. The arcane corporate liability rules in this country make it impossible to prosecute large financial institutions. Until the government brings forward legislation to change the law and replace those rules, banks will continue to operate with impunity in the UK.

Susan Hawley Policy director, Corruption Watch

Rachel Teka Davies Head of advocacy, Transparency International UK

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