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 o

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: