“The upshot of reading this [appeal] document is the reinforcement of my belief – as I have stated in several columns about this case – that the prosecution knows nothing about how FX markets work and is desperately trying to fulfil some political mandate that “someone” is held to account for what are perceived as the banking industry’s shortcomings….. It [also] bothers me that too many people at senior levels in the industry, or at those bodies meant to represent the FX industry (ACI FMA is the honourable exception here), have sat around and metaphorically averted their gaze from this issue. At ground level I can assure readers that there are a lot of people worried about the outcome of this case, even those – like me – who don’t know Mark Johnson”. Click here for article.
EXTRACTS FROM PROFIT AND LOSS ARTICLE 23 JANUARY 2019, AND COLIN LAMBERT EDITORIAL 24 JANUARY 2019 PUBLISHED WITH PERMISSION AND OUR THANKS