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Response to banker recklessness needs work – lawyers

The SFO will aim higher in the wake of the Hayes conviction, but new laws could be difficult to enforce, senior London lawyers say

Tom Hayes
Tom Hayes was convicted in August of Libor-related fraud

Changes in UK criminal law around financial crime may not lead to more successful prosecutions, senior lawyers have argued.

The last decade has seen two major updates for white-collar offences: the Fraud Act in 2006 and the Bribery Act in 2010. "In Section 7 of the Bribery Act, the failure to prevent bribery is a potentially useful weapon in the prosecutor's armoury," David Kirk, partner at

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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