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What tech businesses need to know in 2026
Christopher Perrin
The new law that could jail executives for “recklessness” in managing a bank was needed, Mark Carney has said, because the bankers involved in the 2007-08 crisis “got away with it”.
But before the law the Governor of the Bank of England endorsed so unapologetically – Section 36 of the Financial Services (Banking Reform) Act 2013, to be formal – comes into force, it should be asked whether it would, in fact, stop anyone “getting away with it” again.
This article was published in Financial News on 3 November 2014
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