The UK’s FSA watchdog raised concerns about the risk management of HBOS as early as 2002, the FSA revealed Wednesday amid an uproar over the resignation of the bank’s former CEO as deputy chairman of the regulator. Sir James Crosby quit his role at the FSA amid fresh accusations that he ignored warnings over HBOS’s rapid growth when he was at the bank, which was subsequently bailed out by taxpayers. Separately the FT reports that a KPMG report reveals the troubled relationship between HBOS and its former risk manager Paul Moore.

This entry was posted by Gwen Robinson on Thursday, February 12th, 2009 at 4:57 and is filed under Capital markets, People. Tagged with hbos, sir james crosby. Edit this entry.