HBOS 'whistle blower' scandal reveals reporting failures


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

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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