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Monday, 19 October 2009

How can financial regulators regain trust?

1 comment:

  1. How can financial regulators regain trust?

    A growing number of European banks have acknowledged that they may be exposed to an alleged multi-billion dollar worldwide fraud. How can regulators prevent such frauds in future?

    Britain's HSBC and RBS, Spain's Santander and France's BNP Paribas are among the banks worst hit by the fraud.

    US financial trader Bernard Madoff has been charged with running his hedge fund as a vast pyramid scheme.

    One of Britain's best-known fund managers, Nicola Horlick, has sharply criticised US financial regulators for failing to detect the alleged fraud.

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