HBOS 'whistle blower' scandal reveals reporting failures

Management

LONDON - James Crosby, the ex-chief executive of HBOS who was subsequently hired as deputy chairman of the UK Financial Services Authority (FSA), has been accused by his former head of regulatory risk at HBOS, Paul Moore, of refusing to heed warnings that the bank was "growing too quickly" and that its sales culture was "significantly out of balance with their systems and controls". In a memorandum to the Treasury Select Committee, Moore alleges his warnings were ignored and that he was forced o

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