Lord Turner, chairman of the Financial Services Authority, gave a speech today at Bloomberg on “Banking at the cross-roads: where do we go from here?”. The speech can be read here.
Observing that:
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24 July 2012
Please can I be Governor? Lord Turner speech on “Banking at the cross-roads”
24 July 2012
“Trust has been decimated”: Lawyer appointed to sort out Barclays mess
Anthony Salz, former senior partner of Freshfields, has been appointed to lead a review of Barclays business practices (the Review). The Barclays press release announcing the Review is here and the Review’s terms of reference are here.
The Review was initiated following Barclays fine for the attempted manipulation of the LIBOR. The terms of reference assert that:
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