BCL partner, John Binns was quoted in a Law360 article titled “UK Economic Crime Plan Prompts Worries About Banks’ Role” where he discusses the possibility of including banks in financial crime policy-making.
Here’s a quote from the article*:
Law360, London (July 15, 2019, 6:52 PM BST) — The British government’s plan to give some of the country’s biggest banks a prominent rolse in its latest strategy to stamp out economic crime has raised questions of a potential conflict of interest.
That has prompted questions about how much influence the industry should have inshaping its own regulation. “It makes me very queasy,” said John Binns, a partner at BCL Solicitors. “Why is it uncontroversial to allow banks to help make financial crime policy? That is something that we should query.”
*This article was originally published by LAW360 on July 15th 2019. You can view the full article by logging into their website.