Shake-up at UK watchdog after Northern Rock blunders

The City watchdog pledged today to shake up its supervision of the UK’s largest banks after admitting a series of blunders in its handling of the Northern Rock crisis.

Shake-up at UK watchdog after Northern Rock blunders
Wed, 26 Mar, 2008 - 14:15

The City watchdog pledged today to shake up its supervision of the UK’s largest banks after admitting a series of blunders in its handling of the Northern Rock crisis.

The Financial Services Authority (FSA) said its supervision of the now-nationalised group was unacceptable in a long-awaited internal report into the Northern Rock debacle.

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CourtsBusinessHeathrowPlace: UKPlace: Northern RockPlace: NewcastlePerson: Hector SantsPerson: prime ministerPerson: Gordon BrownPerson: Clive BriaultEvent: RockEvent: Northern RockEvent: Northern Rock crisisOrganisation: TheOrganisation: City watchdogOrganisation: Financial Services AuthorityOrganisation: FSAOrganisation: Northern RockOrganisation: Bank of EnglandOrganisation: British Bankers’ AssociationOrganisation: Treasury Select CommitteeOrganisation: RockOrganisation: Treasury
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