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The Masked Tulip

Former Rbs Executive Forced Out Of City By Fsa

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http://news.bbc.co.uk/1/hi/business/10121609.stm

A former senior executive at the bank RBS has been forced to agree he will not take any senior or full-time work in the financial services industry.

The agreement between Johnny Cameron and the Financial Services Authority (FSA) comes after an investigation into the management of the bank.

He was chairman of its investment banking business at the time it had to be rescued by the UK taxpayer in 2008.

The FSA said Mr Cameron did not meet the right standard for a senior banker.

The regulator said it had been investigating the "systems and controls" at the investment banking arm of RBS.

But it refused to say exactly what it thought Mr Cameron had done wrong.

"I'm not commenting on that," said a spokeswoman. "This is a legal settlement".

The FSA made it clear that its punishment could have been more severe.

That is the British 'elite' way of dealing with it. Something severe but we are not to know about it - so much for democracy!

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The regulator said it had been investigating the "systems and controls" at the investment banking arm of RBS.

But it refused to say exactly what it thought Mr Cameron had done wrong.

"I'm not commenting on that," said a spokeswoman. "This is a legal settlement".

The FSA made it clear that its punishment could have been more severe.

That's a national scandal.

The FSA were supervising RBS.

Fred Goodwin and his board must have been supervising Cameron.

RBS is owned by the taxpayer, you can't just brush this under the carpet.

Adair Turner is the same old mouth and no trousers trougher that the prior FSA administration were. He has zero credibility.

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Ah - the old School tie to the rescue !!

http://investing.businessweek.com/research/stocks/people/person.asp?personId=1302220&ticker=RBS:US

Mr. Cameron studied at Harrow, Christchurch, Oxford and Sloan School at MIT in the US.

http://en.wikipedia.org/wiki/Adair_Turner,_Baron_Turner_of_Ecchinswell

<Adair Turner> He attended Glenalmond College and Gonville and Caius College, Cambridge, where he took a double first in History and Economics and became President of the Cambridge Union.

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Ah - the old School tie to the rescue !!

http://investing.businessweek.com/research/stocks/people/person.asp?personId=1302220&ticker=RBS:US

Mr. Cameron studied at Harrow, Christchurch, Oxford and Sloan School at MIT in the US.

http://en.wikipedia.org/wiki/Adair_Turner,_Baron_Turner_of_Ecchinswell

<Adair Turner> He attended Glenalmond College and Gonville and Caius College, Cambridge, where he took a double first in History and Economics and became President of the Cambridge Union.

...just shows what a waste "education" is in many cases .... :rolleyes:

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That's a national scandal.

The FSA were supervising RBS.

Fred Goodwin and his board must have been supervising Cameron.

RBS is owned by the taxpayer, you can't just brush this under the carpet.

Adair Turner is the same old mouth and no trousers trougher that the prior FSA administration were. He has zero credibility.

Brushed under the carpet it has been IMPO.

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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