Individuals bankers failing in their duties to report their actions.

Paul Perrin made this Freedom of Information request to Cabinet Office

The request was partially successful.

From: Paul Perrin

24 February 2009

Dear Sir or Madam,

On the governments new website www.realhelpnow.gov.uk

On the page 'credit-crunch-causes-why' a specific claim is made,
vis:

"It was made all the more difficult to fix because sometimes these
investments had been made and bought by individual bankers without
them telling their boards, their auditors or the FSA - so nobody
who should have had a clear picture of what was going on really
did."

Can you tell me if these individual bankers actually had a
responsibility to report their actions to their boards, their
auditors or the FSA?

If they did have such a responsibility, and failed to meet it, can
you tell me how you identified this failure, who these individuals
were, where this responsibility is set out, and what action is
being taken against them for this failure.

If they did not have such a responsibility, then given the
importance you clearly place on it, can you explain why no one in
the regulator had imposed such a responsibility on them?

Yours faithfully,

Paul Perrin

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Cabinet Office

25 February 2009

CABINET OFFICE REFERENCE: FOI262676

Dear Mr Perrin,

Thank you for your request for information. Your request was received on
24/02/2009 and is being dealt with under the terms of the Freedom of
Information Act 2000.

In some circumstances a fee may be payable and if that is the case, I will
let you know the likely charges before proceeding.

If you have any queries about this letter, please contact me. Please
remember to quote the reference number above in any future communications.

Yours sincerely,

FOI Team
Cabinet Office
E: [1][Cabinet Office request email]

The Cabinet Office computer systems may be monitored and communications
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and for other lawful purposes.

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Communications via the GSi may be automatically logged, monitored and/or
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Cabinet Office

26 February 2009

Dear Mr Perrin,

I have now spoken to colleagues at the Cabinet Office, and they have
informed me that they feel it that HM Treasury is best placed to answer
your request. Therefore, in the first instance I would advise you to
redirect you query to HM Treasury. The contact details for the
Treasury's Freedom of Information team are as follows:

Correspondence & Enquiry Unit 2/W1,
Freedom of Information Section,
HM Treasury
1 Horse Guards Road
London
SW1A 2HQ

e-mail [email address]

Please do get back in touch if you wish the Cabinet Office to take your
request forward but as I have said we believe that the HM Treasury is
most likely to hold the information. If you do wish the Cabinet Office
to take your request forward please could you advise which unit or
individual in the Cabinet Office you think might hold the information
you have requested.

Please be aware that the Freedom of Information Act is for access to
recorded information and not for answering questions.

Guidance on how to make a responsible FOI request has been produced by
the Information Commissioner's Office(ICO), and is available at the
following link:
http://www.ico.gov.uk/upload/documents/l...
actical_application/its_public_information_foi%20charter_final.pdf

In this guidance the ICO have stated that the applicant should "Ask for
the information you need, rather than a general question you want a
public authority to answer. Remember that the Act and Regulations
provide rights of access to information held by public authorities".

Kind regards,

Rebecca Kingston
Freedom of Information Team
Cabinet Office

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From: Paul Perrin

2 March 2009

Dear Sir or Madam,

You have suggested that the treasury would be better placed to
explain why you have drawn attention to a particular point (that
individual bankers did not report their actions to other bodies).

If you cannot explain why you have drawn attention to this
situation, I do not understand how the treasury will know.

Do you not take responsibility for what you publish?

Yours sincerely,

Paul Perrin

Link to this

Cabinet Office

25 March 2009

Attachment doc 2009 03 25 11 35 38 275.pdf
302K Download View as HTML

Mr Perrin

Please find enclosed

Thanks Rebecca
The Cabinet Office, Whitehall, London SW1A 2AS

The Cabinet Office computer systems may be monitored and communications
carried on them recorded to secure the effective operation of the system
and for other lawful purposes.

show quoted sections

Communications via the GSi may be automatically logged, monitored and/or
recorded for legal purposes.

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