The City watchdog is using external experts to conduct supervisory reviews into the actions of some of the UK’s struggling banks, including RBS and HBOS, reports the FT. The FSA engaged PwC to review RBS, Ernst & Young to look at HBOS – now part of Lloyds Banking Group – and BDO Stoy Hayward to review Bradford & Bingley. The Times adds that the probe so far has revealed a litany of internal breakdowns and flawed controls that masked the full extent of their failings.

This entry was posted by Gwen Robinson on Monday, January 4th, 2010 at 4:36 and is featured in The 6am Cut London (4 Jan 2010) . Tagged with BDO Stoy Hayward, Bradford & Bingley, ernst & young, hbos, PWC, rbs. Edit this entry.