In retrospect, 2009 was a happier time. True, the financial industry had just undergone the most serious shock in the past 70 years of its history, but it looked at the time as though very few people in the business were guilty of anything more than overconfidence and error.
The same can't be said today. Look back over the past three years (why not use OpRisk's handy online archive?), and there's a steady stream of greed, deceit and malpractice. And this summer in particular, the stories have ha