HSBC hires former regulators and other officials, both in the United States and the U.K., but many wonder if such practices give the bank a false sense of security. A news report from the U.K. examines this subject:

The research looked at so-called “revolving door connections”, when a company employs former or current politicians, civil servants or members of regulatory bodies, or where individuals move from the financial sector into politics, Government or regulatory bodies.

Barclays was the most connected British-based company with 14 revolving door connections.

Organisations with more than five revolving door connections were Royal Bank of Scotland, HBOS/Lloyds Group, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Dexia Group, HSBC Holdings, JP Morgan Chase and Co, Standard Chartered Bank and UBS.

See the full article here

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