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In a great letter to the Financial Times, the writer has captured the essence of compliance in the financial services industry.

Malcolm Crow claims that the book Fifty Shades of Grey is not about compliance issues relating to the financial services industry.

He is clearly wrong: I have it on good authority that the book deals with bondage, domination and humiliation.

It also contains the quote “Oh, f**k the paperwork”.

Other than compliance what else could it be about.”

A can’t wait for the sequel featuring Bob Diamond, Fifty Shades of Contempt.

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