| The high significance of compliance risk management | | | | re-branded as Santander price, and being a part of |
| is illustrated with the high-profile Employment Tribunal | | | | the gigantic Emilio Botin Banco Santander Central |
| case Chagger v Abbey National plc & Hopkins (2006), | | | | Hispano Group - BSCH) terminated Mr Chagger's |
| where the Tribunal found unfairness and race | | | | employment in 2006, claiming the dismissal was the |
| discrimination and (after Emilio Botin Abbey Santander | | | | outcome of a fair compulsory redundancy exercise. |
| bank refused to re-employ Mr Chagger, as the | | | | Mr Chagger, on the other hand, claimed that the |
| Tribunal had ordered in order to remedy the situation | | | | actual reasons behind his termination were unfairness |
| without financial compensation) ordered Abbey | | | | and racial discrimination. Balbinder Chagger was of |
| Santander group to pay Mr Chagger the | | | | Indian origin. He worked for Emilio Botin Abbey Grupo |
| record-breaking £2.8 million compensation award | | | | Santander shares price as a Trading Risk Controller, |
| to cover his loss. Abbey Santander shares (the UK | | | | earning around £100,000 a year and reporting |
| retail bank saved from its financial troubles by | | | | into Nigel Hopkins. |
| Luqman Arnold and Stephen Hester, soon to be | | | | |