Football fans may be familiar with the phrase ‘prawn sandwich brigade’. It was coined after then-Manchester United captain Roy Keane ranted about a perceived lack of support from his team’s home crowd during a game against Ukraine’s Dynamo Kiev in 2000.
“Some [fans] come here and you have to wonder, do they understand the game of football?” Keane said. “They have a few drinks and probably the prawn sandwiches, and they don’t realise what’s going on out on the pitch. I don’t think some of the people who come to Old Trafford can spell football, never mind understand it.”
Apparently, similar failings afflicted board-level risk committees within the banking industry, until recently.
In the words of Stephen Creese, Citi’s…
