Committee MPs are set to grill the
Financial Services Authority over the near collapse of mortgage lender
Northern Rock amid suggestions that
it is under pressure to overhaul its rules for banks.
This follows the Bank of England’s governor Mervyn King being grilled by the
same team of MPS over the Northern Rock debacle.
King blamed the near-collapse of Northern Rock on the failure of regulation.
According to reports, bankers and politicians have also been questioning the
role the FSA played in the crisis and what it could have done to prevent it.
There is also pressure on Gordon Brown to review the regulation of banks,
currently oversight is split between the Treasury, the Bank of England and the
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies