FSA chief admits failings over Northern Rock crisis

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FSA chief admits failings over Northern Rock crisis

28th February 2008, 00:40:AM

The Financial Services Authority has admitted its regulation of Northern Rock was inadequate. Hector Sants, the chief executive of the FSA, acknowledged yesterday that the FSA's own internal review, to be published next month, shows that "supervision of the company did not meet the standards I would expect of the FSA".

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Tags: acknowledged, authority, business, crisis, failings, financial, financial services, fsa, internal, northern rock, regulation, standards

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FSA chief admits failings over Northern Rock crisis

FSA chief admits failings over Northern Rock crisis

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