Monday 2 July 2012

Barclays scandal forces out chairman Marcus Agius | Business | The Guardian

Some members of the Board probably knew due to regular Board inspections, which one would expect to have been carried out diligently to protect shareholders interests!

Why had such information about price collusion not prompted a reaction in the leadership, especially as it was said that officials at the Bank of England were informed closer to the time. One needs to know the money management process. What has evolved to make traders more autonomous?

In any event, high risk actions were bound to happen and will continue. When risk embodies criminal price setting and collusion management intervention is needed and more open practices adopted and recorded!

http://www.guardian.co.uk/business/2012/jul/01/barclays-chairman-poised-departure
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