[Re: Another banking scandal was the last thing the City needed, yesterday]
I’m glad Allister Heath has addressed this issue: all regulators, American or otherwise, are not necessarily acting with justice and fairness. We need to question their motives. I don’t know the specifics behind the allegations made against Standard Chartered Bank. But we have to ask whether some regulators are unfairly singling out particular institutions and causing damage by pinning crimes on them.
The US is hypocritical to label this a British problem. Recent news shows that banking misdemeanours don’t stop at the Atlantic.
[Re: As Louise Mensch steps down from politics, should we regret the loss of maverick MPs?, yesterday]
The problem with this question is that it assumes that Louise Mensch is a maverick. She can certainly get media attention, and she is well-known for publicly admitting her youthful drug use. But these are not unusual characteristics in a politician. Her views are conventional, and it is only her beauty that is remarkable in politics. Yes, we should regret not having more elected oddballs – people who can challenge the status quo and passionately argue for something different. But I don’t see how Mensch’s flight to New York will make Westminster any less grey.
The Standard Chartered case highlights the dangers, for UK firms, in the current trend for US extra-territorial overreach.
This Standard Chartered case is terrible. It was the only bank that was expanding and hiring. The industry seems cursed.
Coalition politics would mean grown-up politics, the experts said. Does anyone believe that now?
Love Louise Mensch or hate her, we should be concerned that being an MP seems deeply incompatible with family life.