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
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