Sunday, 8 November 2015

IMF chief: Prosecute bankers, not just banks, for malfeasance

From Yahoo! News –

“International Monetary Fund chief Christine Lagarde called Thursday for prosecution of individuals in the financial industry for misconduct, saying fines against firms alone were seen merely as a "cost of doing business."

Lagarde said that holding individuals accountable for wrongdoing would be an important way to raise ethics standards in the financial services sector, whose reputation has been hammered by repeated scandals and misconduct.”

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