metalblue
Well-Known Member
Re: Barclays caught fiddling!
Not at all mate, it just seems that way as US regulators seem to have a wider scope about activities they can fine for even to the extent that it may not taken place on US "soil" so to speak but by an organisation with a presence there.
twinkletoes said:metalblue said:twinkletoes said:I think you mean the US regulators.
Not especially mate, although we have geographical regulators we are in all reality regulated globally so it's not down to one regulator or another, more a co-ordinated investigation and action.
Well the way I see it is that the "scandals" all originate in the UK but it's the US regulators that always seem to be the ones that actually do something about them.
I think I heard that Jamie Dimon, JP Morgan CEO, didnt want any new banking rules to cover US banks' overseas dealings.
So unless we clean up our act in the City of London, we will just be used as a clearing house for all the dodgiest deals that US banks dont want to be caught doing at home.
Not at all mate, it just seems that way as US regulators seem to have a wider scope about activities they can fine for even to the extent that it may not taken place on US "soil" so to speak but by an organisation with a presence there.