Kingsley Napley drafted in to represent alleged UBS rogue trader

  • Print
  • Comments (6)

Readers' comments (6)

  • Makes me wonder, who is paying for this legal representation? or is it pro bono due to the headlines it can grab?

    Unsuitable or offensive? Report this comment

  • a defendant can get legal aid upon charged. Either KN is doing the case on legal aid or it is privately funded, I assume

    Unsuitable or offensive? Report this comment

  • His big-shot dad anyone?

    Unsuitable or offensive? Report this comment

  • I fail to see the reasoning behind the above snide remarks.
    In our black and white world, either the bank was to blame or the individual.
    Naturally, the bank has almost unlimited resources and the individual will be blamed.
    However, anyone who has worked in this field will tell you that banks strive foremost for profit. This is reflected in how they incentivise employees. Their compliance systems and controls are a secondary or tertiary consideration and (until very recently) have tended to be manned by failed business-persons.
    Accordingly, it is probably more important for our general welfare that everyone understands how such institutions operate and how this can be improved - rather than prosecuting another shoplifter.
    This means providing the best legal support to the relevant individual so that he or she can resist the institution's almost inevitable assertion that he or she was a "rogue trader".
    Unfortunately (for our general welfare), the FSA focusses on easy goals and fines the banks minuscule amounts for serious wrongdoing. Alternatively, the blame is placed on the individual. No one learns and Barings is a distant dream.
    THIS IS ALL ABOUT SENIOR MANAGEMENT RESPONSIBILITY ALTHOUGH NO-ONE WILL ACCEPT THAT.

    Unsuitable or offensive? Report this comment

  • Well said Anonymous 0:23am.
    Whoever is paying is irrelevant. No one seems able to control this gambling profession that is known as investment banking. The FSA is toothless.

    Unsuitable or offensive? Report this comment

  • Well, isn't it amazing how far this has come?!

    Unsuitable or offensive? Report this comment

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (6)