London merchant who Swiss UBS lost £ 1.4bn Bank ($ 1.9bn) and apologized
and said that banks have not done enough to restore public confidence.
Kweku Adoboli said in his first interview broadcast BBC that banks are still riven by conflicts of interest.
He added that traders were pushed to make a profit, “no matter what happens.”
He said that can happen again and asked if he committed crimes
prosecutors described the trial as “a master swindler” and “sophisticated liar” – now faces deportation to Ghana, where he was born.
He said he is fighting the system as it is as the “British culture”
as anyone living in the United Kingdom,
and can help to reform the financial sector through the exchange of experiences for him.
After getting out of prison a year ago, said Adoboli, aged 36,
He lives with friends in Edinburgh
and speaks at conferences free banking compliance.
“I think the young people I spoke with former colleagues who have talked to them,
are still struggling with the same issues, the same conflicts,
the same pressure to achieve no matter what.
“Contradict the goals’
“If investment banks continued to chase the same level of profitability as in the past,
the only way to generate those profits is to take more risks.
“But from the policy angle, and there was a desire to limit that risk, to reduce profitability,
but to have these conflicting goals.
“And where it comes from conflict is a place where people fall into this gray area,
so I think it could ever happen again.
“Especially as we move into what could be the next phase of a major financial crisis over the next 12 to 24 months.”
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