Opinion 

The short arm of the law

Chris Daw

Chris Daw

In practice, there have been no more than a handful of prosecutions arising from the financial crisis with criminal investigations tending to focus on the low-hanging fruit of middle and junior management, rather than the key decision-makers.

As long as investigators and prosecutors fail to deploy the weapons long available to them from the criminal law, those at the very top of the financial tree are unlikely to be deterred from exactly the same behaviour, which had such drastic consequences almost a decade ago.

Chris Daw QC is an expert in criminal fraud and business regulation for Serjeants’ Inn Chambers