Tuesday, 18 May 2010

FSA statement on Johnny Cameron

Oh, that's nice! The FSA has something to say about Johnny Cameron, former executive director of The Royal Bank of Scotland group and former chairman of Global Markets.

The FSA has been investigating Johnny. From the FSA's statement -

Following this investigation Cameron has agreed to settle with the FSA on the basis that he has undertaken to the FSA that he will not:

(a) perform any significant influence function in relation to any regulated activity carried on by any authorised person, exempt person or exempt professional firm; or

(b) undertake any further full time employment in the financial services industry.

Okay. Where's part (c) of the statement? I know there was a part (c). What's going on?

Here is part (c) -


(c) socialize with his dear friend Mr Michael Fowke, the world's foremost financial shaman.

What slags! Can you believe the balls of these guys?! They are trying to break up a beautiful friendship.