UK regulators to reopen flawed HBOS investigation

Report criticises both bank managers and regulators


UK regulators are to reopen an investigation of the board members associated with the collapse of HBOS, after a scathing report unearthed multiple failings by both regulators and the bank.

Published on November 19, the review into the failure of HBOS by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) attacks both the "flawed and unbalanced strategy" of the bank, and the "striking" failure of regulators at the time to take action. The FCA and PRA now plan to

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