Economic Crime

Part of Oral Answers to Questions — Attorney-General – in the House of Commons at 2:30 pm on 7th February 2012.

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Photo of Emily Thornberry Emily Thornberry Shadow Attorney General 2:30 pm, 7th February 2012

Given that when investigating the failure of RBS, Adair Turner concluded that the FSA has little power under the existing rules to take action against individuals associated with the banking crisis; that the director of the SFO believes that

“things have got to change”; and that we are still waiting for anyone in the UK to be prosecuted in relation to the global financial crisis, will the Solicitor-General use his best efforts to persuade the Attorney-General to look again at introducing a crime of corporate negligence so that prosecutors have a full range of weapons in their armoury to use in future against reckless financiers?