Hitting The Right Notes

At the ICSA UKRIAT AGM on 8 February the theme of confidentiality was raised. Security breaches at TalkTalk and HSBC were mentioned, as well as Volkswagen's falsification of emissions tests, albeit in a different vein. It must be asked, where was good governance in these cases?

Credit Suisse and Barclays were also recently fined heavily for so-called 'dark pool' operating by US regulators, despite Barclays' stated commitment to governance in its annual report.

Presumably the US regulator has wider powers and is better funded than UK's public sector enforcement, which is arguably weak and underfunded. There have been suggestions that the regulator has insufficient powers to intervene with the way supermarkets treat their suppliers.