Response to banker recklessness needs work – lawyers

Current offence under Financial Services Act 2012 is "unprosecutable"

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 McGuireWoods, said at a Queen Mary University of London seminar on September 18.

He said there are calls

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: