At the end of may this year, a group of corporate lawyers of some of the most important banks in the world flew to Paris to meet at the Trianon Palace, a luxury hotel chain Waldorf Astoria is very close to Versailles, bearing in mind a corporate compliance. What were the legal controllers of banks such as Goldman Sachs, Barclays, Citigroup, Deutsche Bank or JP Morgan seated at the same table? Very simple: agree.
Apparently, this meeting has been held since many years ago; perhaps, even, a couple of decades. However, there has been a report published in ‘Bloomberg’ from the testimony (anonymous) of some of its members to that finally brought to light, much to the dismay of many of those present. These have complained that some of the members, who are required to complete confidentiality, have decided to talk about the meeting.