ALM Europe: FSA calls for better boards and more access

Bank directors failed their shareholders because they lacked the knowledge and the inclination to investigate their banks' involvement in the structured product business, according to the UK Financial Services Authority's (FSA) director of prudential risk, Colin Lawrence.

Speaking at the Risk ALM Europe conference in London today, Lawrence said: "We will introduce much stronger governance on management information systems and on the quality of human capital on the board." He added that the

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