Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Outgoing Lloyds Chairman To Head Uk Accounting Regulator

Recommended Posts

http://www.theguardian.com/business/2014/jan/23/lloyds-chairman-win-bischoff-accounting-regulator

The retiring chairman of state-backed Lloyds has been named as the next head of Britain's accounting regulator, days after being drawn into controversy over the bank's handling of the proposed sale of more than 600 branches to the Co-op.

Sir Win Bischoff, 72, will be paid £120,000 a year for two days work a week as chairman of the Financial Reporting Council (FRC) – which has just announced an investigation into the Co-operative Bank's accounts.

The City grandee will take over in May after leaving Lloyds, which is 33%-owned by the taxpayer following its rescue during the financial crisis. Bischoff's appointment, for a three-year term, was announced by business secretary Vince Cable.

A spokesman for the department denied there was any conflict of interest in relation to the FRC's investigation into the Co-op – which is likely to cover a period including the failed Lloyds branch sale, known as Project Verde.

A nice little part-time job to help with retirement expenses.

Share this post


Link to post
Share on other sites

'grandee' - gotta love that word.

It basically means a fusty, stuck-in-his-ways old fart who really ought to make way for younger people with new ideas about the kind of world they'd like to live in, rather than the one they're stuck in because of fusty old farts like him.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   202 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.