Compliance Monitor

Esther Martin

Document

FCA under fire as no action taken against HBOS managers

The FCA and PRA are receiving a barrage of criticism for their decisions to take no action against the individuals running HBOS when it collapsed in 2008.

By Neasa MacErlean

The FCA and PRA are receiving a barrage of criticism for their decisions to take no action against the individuals running HBOS when it collapsed in 2008 and tipped its subsequent acquirer, Lloyds Bank, into a £20 billion taxpayer bailout.

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