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Government 'hasn't acted' to reform banks after crisis
Banks expert says mis-selling, insider trading and money laundering continue over 5 years after the financial crash
The government has done almost nothing to deal with the fundamental and ongoing causes of the financial crisis, a leading academic has warned.
University of Essex banking expert Professor Prem Sikka maintains that the risk taking, insider trading, money laundering and mis-selling that characterised banks’ behaviour prior to the 2008 crash is continuing.
In his new paper Banking in the public interest: Progressive reform of the financial sector, Prof Sikka accuses the coalition of stalling on vital reforms to drag the banking industry back into line.
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