'Unacceptable' errors meant City watchdog was 'asleep on the job' allowing collapse o

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'Unacceptable' errors meant City watchdog was 'asleep on the job' allowing collapse o

27th March 2008, 00:28:AM

The financial watchdog yesterday admitted a catalogue of mistakes in the run-up to the collapse of Northern Rock last year. The Financial Services Authority's own internal review listed basic errors by both junior and senior staff as a result of which it failed to stop Northern Rock becoming Britain's most devastating casualty of the credit crunch

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Tags: authority, britain, catalogue, credit, errors, financial, financial services, internal, meant, mis, northern rock, watchdog

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'Unacceptable' errors meant City watchdog was 'asleep on the job' allowing collapse o

'Unacceptable' errors meant City watchdog was 'asleep on the job' allowing collapse o

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