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
UK private investor Endless LLP acquires the high street retailer, saving 840 jobs
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration