MANY Britons complain that not enough people have been held to account for causing the financial crisis. But the complaints tend to be about what financiers did at the office, not their manner of getting there. In 2013 it was revealed that Jonathan Burrows, a director at BlackRock, an asset-management giant, had dodged paying £42,550 ($66,800) in train fares over five years. He had boarded a train at a small station in East Sussex with no ticket barriers and then consistently passed through the barriers in London using his underground pass, saving himself £14 each day.

On December 15th the Financial Conduct Authority (FCA), a regulator, announced that Mr Burrows would be banned for life from working in the financial-services industry. Mr Burrows acknowledged his wrongdoing—he has paid back the fares—but suggested there might be more grievous sins for the FCA to root out within the sector. His record once he had reached his desk was unblemished, he said. Unfortunately for him, a propensity for fraud is hard to get away with when your job is to look after other people’s money—whatever the greater faults of others.