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OPINION: The perennial issue of collective blind spots and how to avoid them 

A video screen shows the planet Venus is visible as a black dot as it transits across the face of the sun as seen from the Greenwich Observatory.
Photo: Ian Waldie/Getty Images

Collective blind spots on LIBOR and off-channel communications have been pervasive, says Susannah Hammond and considers the lessons learned.

Collective blind spots have not only led to some of the biggest fines in regulatory history but also have driven fundamental regulatory change. The financial services industry around the world has attracted some of the brightest and the best but that has not stopped collective blind spots being an apparently