UK government's threat to jail bankers may be empty
Too difficult to prosecute "reckless" bankers, lawyer warns
The UK government's plan to introduce a criminal offence of reckless misconduct for senior bankers may make little practical difference, according to one legal expert. Today's announcement comes in response to the Parliamentary Commission on Banking Standards' report, entitled 'Changing banking for good', which was released on June 19.
James Carlton, a partner specialising in business crime and regulation at law firm Fox Williams, says the government's intentions would be hard to enforce.
"It is
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