“Holding Bankers to Account”

Held on Tuesday, June 25


  • Oonagh McDonald (Author)

  • Philip Augar

  • Simon Lewis (AFME)

  • Patrick Jenkins (Financial Times)



The sub-title of Oonagh McDonald’s latest book says it all: “A decade of market manipulation, regulatory failures and regulatory reforms.” Having written on Lehman Bros, Fannie and Freddie, and European retail banking, she now tries to pull the key strands together to explain why UK financial regulators were seduced by the idea of ‘light touch’ regulation – and how that contributed to the Great Financial Crisis from which we are still recovering.

Oonagh – who is now based in Washington DC – is a former MP, a former Shadow Treasury Secretary, a former non-executive director of the SIB (and subsequently of the FCA), and a former director of the Investors Compensation Scheme. She is also the author of the McDonald Report into training and competence in the financial services industry, and, across the board, is an all-world authority on financial regulation.

I am, therefore, delighted that she has agreed to speak about her new book (Manchester UP, March 2019) – of which copies will be available. But she won’t get things all her own way. In addition to Patrick Jenkins – the FT’s financial editor – who reviewed it in mid-May, we have two other distinguished respondents:

  • Philip Augar, author (among other books) of The Bank that Lived a Little and The Death of Gentlemanly Capitalism, who has just had his eagerly anticipated report into post-18 education in the UK come out; and

  • Simon Lewis, former director of communications at Nat West Group and at No 10, who is currently chief executive of the Association for Financial Markets in Europe.

A formidable book on a formidable topic, by a formidable author – with a formidable panel to keep her on her toes. If you If you or a colleague would like to join us, please let us know by emailing alex@csfi.org or by calling the Centre on 0207 621 1056. As usual, there will be wine and sandwiches.


Many thanks,

Andrew Hilton