Reply to post: Re: Hi kids

TSB meltdown latest: Facepalming reaches critical mass as Brits get strangers' bank letters

LucreLout Silver badge

Re: Hi kids

Tomorrows lesson is percentages and we're going to start at 4%

I've been wondering about that. I mean, lets assume the ICO actually grow a pair and start using their powers.... Surely this is an incentive to restructure every pan-European company into seperate entities? TSB is UK only, so fines would be capped at 4%. Someone like, say Farcebook, is pan-European, so could be fined 4% in each legal jurisdiction, which adds up to rather a lot more.

Obviously, that'd only be relevant, as I said, if the ICO actually started to do their jobs instead of simply existing to protect corporate law breakers from robust legal action.

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