One of the hardest parts of running a campaign such as Regulation Asset
Based Finance is fatigue.
Fortunately the campaign has a momentum of its own now and that is clearly
driving it forward.
Close Brothers my personal crusade has now been recognised at the highest
levels of government as effectively criminals that we shall see if ABFA keep
their word to throw out bad members of their organisation a commitment given to
the Treasury select committee.
We are now moving deeply into police and soon the Serious Fraud Office -
ABFA have been given several years to drive through the reforms that are needed
and have just moved the deck chairs.
Lloyds Commercial Finance and Metro Bank have shown their true colours and
will continue to be exposed for what they are.
Ashley Finance should have been closed a long time ago and we wait for Ultimate
to lance that boil.
We have two demonstrations under plan one at the Finance Professional Show
and the other at the Close Brothers AGM.
I know from those involved in the campaign are door is open for the ABFA to
have meaningful conversation with to put together robust reforms that address
the errors of the past and allow the industry to grow.
Unfortunately while law firms like Squire Sanders threaten jail and
financial ruin and grab obscene money for their corrupt clients we seem to be a
million miles from a solution other than through the police.
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