Monday, March 10, 2008

A big mess

Five FSA officials who oversaw Northern Rock have resigned

The seven unnamed officials worked on Northern Rock in the 19 months before its disaster. Some are thought to have left the FSA before the catastrophe, and high turnover of FSA staff may have been one of the reasons for the failings. Northern Rock had not been the subject of a full supervisory health check for 18 months when it imploded, the FSA admitted to MPs

Posted by confused76 @ 09:23 PM (442 views)
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