Last week, departed Barclays chief executive Bob Diamond called the actions of his Libor-fixing colleagues "reprehensible" and claimed to find it "sickening".
Last week, departed Barclays chief executive Bob Diamond called the actions of his Libor-fixing colleagues \"reprehensible\" and claimed to find it \"sickening\".
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But both of these terms seem like poor substitutes for the word "criminal".
If the Serious Fraud Office's ongoing investigation into abuses of Libor results in criminal prosecutions, this will be a major step towards satisfying the public that the lessons of the four-year omni-scandal of Britain's banks may be learned, and may stay learned.
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Bankers must be tried
Last week, departed Barclays chief executive Bob Diamond called the actions of his Libor-fixing colleagues "reprehensible" and claimed to find it "sickening".
But both of these terms seem like poor substitutes for the word "criminal".
If the Serious Fraud Office's ongoing investigation into abuses of Libor results in criminal prosecutions, this will be a major step towards satisfying the public that the lessons of the four-year omni-scandal of Britain's banks may be learned, and may stay learned.
Commenting & Moderation
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
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