“The main challenge for Lisa Osofsky as the SFO’s new chief will be in guiding the agency to know what fights to pick. Like an over-excited child in a sweet shop the SFO has historically scrambled for the biggest prize they can see. Yet, after the initial sugar-induced frenzy there then comes the inevitable slump while it considers the same old questions that should have been answered pre-charge, such as: what disclosure? what is our case? who are the suspects and who are co-conspirators?
“The recent Barclays decision only served to show that the agency still does not understand that it needs to get the fundamental case in order pre-charge. Good luck to Ms Osofsky as she attempts to get the house in order.”