trending Market Intelligence /marketintelligence/en/news-insights/trending/PIs7-7MUpSTu5hs5m8KZeg2 content esgSubNav
In This List

UK finance minister's 'integrity' under fire over alleged historical misconduct

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


UK finance minister's 'integrity' under fire over alleged historical misconduct

U.K. Shadow Chancellor John McDonnell has urged the government to investigate Finance Minister Sajid Javid's possible role in financial misconduct.

In a letter to Prime Minister Boris Johnson, the Labour Party politician said there was a need for "public confidence in the suitability and unquestionable integrity of the holders of high public office."

He urged Johnson to look into Javid's relationship to the trading of collateralized debt obligations — a risky financial product widely believed to have catalyzed the financial crisis — while working in a senior role at Deutsche Bank AG.

McDonnell also referred to reports of Javid's involvement in a tax avoidance scheme known as "Dark Blue" and urged the government to look into this.