Banking inquiries show the extent of risk taking
February 26, 2009 | Leave a Comment
Paul Moore has been in the news this week claiming he had been sacked by the HBOS boss, Sir James Crosby, for arguing that the bank was taking too many risks. Sir James resigned from his role assisting the Financial Services Authority arguing that, whilst he feels these claims are unfounded, he does not want to make the FSA’s role any harder in these challenging times.
Earlier this week several bank leaders publically apologised for their role in the financial crisis. For many of us it is a relief after watching the horror of the world banks’ decisions unfold around us to witness some degree of culpability for their decisions…however sincere or not those apologies. Whilst the silence was almost deafening in the immediate aftermath of the global finacial crisis, it was hard to have any respect for those who were still rewarded with bonuses for spectacular failure.
