Finding a long-term solution to the financial crisis
Colin Melvin, the chief executive of Hermes Equity Ownership Services, one of the world's largest institutional advisors with assets worth £50bn under stewardship, says pension funds and institutional investors failed in their responsibility to rein in banks' excesses or catch Madoff. He outlines what needs to be done to stop this happening again.
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The Bottom Line:If Mr Cable has his way...
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