Member

It seems to me that many directors these days need not just to be able to understand P&L and be able to answer questions of financial accountability; they actually need to understand a much wider set of risks, including technological ones. I am also in favour of much greater education and a good deal more pressure inside the City for competence to be generated more widely. I think that would be good, but I think the language the Government use needs to be a lot tougher and a lot more directed than it is at the moment; it is sort of half-hearted, if I might say so.