Whistleblower woman worked for the OFT

Nathan_Spleen

My suspicions that The Office of Fair Trading’s all too cosy relationship with the banking industry are sadly becoming more justified by the minute. In my earlier thread ’Just fancy that’ I posted a link to the OFT’s latest appointment of one Cavendish Elithorn who has just been made an OFT director. His previous employer was err ..Capital One Bank.

Cast your mind back to Whistleblower and the woman Barclays wheeled out to defend the Bank and famously reassured us that ‘’Our customers are at the heart of our business’’ after the programme clearly showed otherwise. She is Christine Farnish, Barclays Public Policy Director. Now could this possibly be the same Christine Farnish who had worked for the OFT since it’s inception in 1993 and who in July last year resigned as a non-executive director and took up a senior post with a high street bank? I rather think it could.

This really sucks. How the OFT can possibly come to a truly credible, independent and objective decision on credit card and bank charges when sitting down with their banking chums when one side used to work for the other and visa versa, belies belief.

Now the OFT’s ludicrous £12 'cap' on cc charges and their inability to come to a conclusion on bank charges all makes perfect sense.