February 11, 2009
HBOS did warn the FSA
Story link: HBOS did warn the FSA
Any claims of unfair practices should be taken up by the FSA and regulated accordingly, whether they come from a member of the public, or a banking professional as we see here, represented by HBOS.
Paul Moore, who was head of group regulatory risk at HBOS, said officials at the FSA, the regulator of all financial services providers in Britain, ignored his pleas because they wanted a “quiet life”.
Speaking on BBC 2′s Newsnight, he said: “I raised and reported all of this whistle-blowing claim that I had with the FSA but they did nothing either,” he said.