The current edition of the Jewish Chronicle has a sound article by TCC board member Steve Baker. Headed ‘Injustice to banking’ it covers one of the least understood yet most damaging aspects of the financial crisis, namely, “the way International Financial Reporting Standards (IFRS) mislead UK and Irish banks and their stakeholders about their true financial positions”. You can read the article here.
Are you sure that these dishonest regulations that have cast the “pure as the driven snow” banks’ in a bad light , were not in fact lobbied for by said banks themselves ?