Housing Blogs

The FSA are coming in with their hands up.The Northern Rock crash was their fault, and in a moment of honesty that is rare in government, the FSA have told the rest of the world where they went wrong.The failings were grievous:For 12 months Northern Rock was monitored by insurance supervisors who had little expertize in banking.During the 2 years before the crash, three department heads had responsibility for NRK. Only one other bank had a similar experience of such a high turnover of supervisory staff….
Original Source: ukhousebubble.blogspot.com