Wednesday, October 14, 2009

FT.com / Columnists / Lombard - FSA is diving too deep into the interview process

FT.com / Columnists / Lombard - FSA is diving too deep into the interview process: "Nobody can deny that some of the wrong people ended up running British banks during the good times. But in adjusting its over-trusting attitude to appointments, the FSA has swung too far in the other direction. This is not only time-consuming for supervisors but potentially counter-productive."

*****************************************

Nobody can deny that:

The wrong people ran the banks, and other institutions, they still do.

The 'non-execs' are incapable of asking the right questions and demanding the right answers.



Unless the regulator is allowed to be deeply 'intrustive' the old boy's network will be back in action, it it isn't already. However, the same network appears to control the regulator, the 'Masters of the Universe', McKinsey. Or is it a case of it used to be??

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.