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January 11, 2013


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You say, "That’s not a great way to start the year but then you have to remember that this is nothing to do with 2013 or the future, except in the way in which regulators will want to change the way they regulate the markets. No, the daily headlines all relate to issues raised before 2010."

Not really. In the case of LIBOR it continued gaily on into 2012 by some reckonings. It is urgent that we don't dismiss it as history, take it as a serious call for reform, and make such reforms speedily and authoritatively - http://www.cityam.com/forum/libor-fundamentally-flawed-and-threatens-london-s-global-position.

Chris Skinner

Aha - purposefully written to get a response, but not meant to be dismissive.

What I'm trying to do is draw a line in the sand and say that all these rotten, stinking headlines about rotten, stinking banks relate to a lot of rotten, stinking activities that took place at a rotten, stinking time.

I'm hope the rot and the stink will disappear, as my rose-tinted glasses need a rose-tinted smell to go with them :)


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