Mark Carney, the governor of the Bank of England, has announced looming harsher sentences for bankers guilty of market abuse in the UK.
The maximum sentences for those found guilty of market abuse should be extended to 10 years from seven years and more kinds of abuse should be subject to criminal charges, according to the bank’s “fair and effective markets review,” commissioned by Carney and published on Wednesday.
Read more by Paul Mason: http://blogs.channel4.com/paul-mason-blog/ethical-drift-city-break-jack-sparrow-doctrine/3815
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