Will it help to fine the bank?
I'm not clear how taking £48.6 million away from the bank is going to help them to improve. Won't this just impact their customers, in reduced services and/or lower investment returns? It seems to me that we should be directly punishing those responsible, rather than the bank. A year of community service for whoever made the decisions and/or ignored the warnings might make those in a similar position in other organisations sit up and think.
Biting the hand that feeds IT
