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The law should be tightened to tackle misbehaviour in banking, says the head of the Financial Services Authority. Adair Turner told the BBC's Andrew Marr programme there should be a presumption a director of a failed bank should not work in the industry again. Lord Turner said the FSA's fine was its strongest available sanction. Business Secretary Vince Cable is also considering criminal sanctions for bank directors. Mr Cable said those in charge of failed banks should face prosecution, a view echoed by Lord Turner. The business secretary said the government would launch a consultation on
They've lost the plot. http://blogs.mirror.co.uk/investigations/2012/05/our-employment-laws---the-weak.html