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When will the bankers who’ve rigged our economy be held to account?

Why is the UK so timid in tackling malpractices in the finance industry? After all, the industry has been a serial offender for almost fifty years. But other states are less lax.

This week, a court in Vietnam convicted 46 former bankers and businessmen of corruption and “deliberate violation of state regulations on economic management, causing serious consequences” to the public. 43 bankers received prison sentences ranging from two years of probation to 10 years in prison. The ring leaders got 10 and twenty years in prison.

In the last few years, the Icelandic regulators secured 96 years in prison for 36 bankers, for malpractices and abuses which crashed the industry and the economy.

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