Prosecutions of senior executives ‘unlikely’ after crisis

Managers could argue they faced difficult market conditions, industry expert says


Prosecuting senior executives of failed institutions for their role in the financial crisis would be very difficult, industry experts have warned.

"Were these people deliberately trying to mismanage their organisation and deliberately squandering money?" asks Simon Ashby, a lecturer in financial services at Plymouth University and a fellow of the Institute of Operational Risk. "Arguably not; they were doing what they thought was right. We now know it wasn't, but before the crisis it didn't look

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here