Colin Henderson's Library tagged "Northern Rock" →  View Popular, Search in Google

Britain’s Financial Services Authority deserves high praise for publishing an excoriating study into its own failure adequately to regulate Northern Rock, the mortgage bank that had to be nationalised after a run by customers last summer. The FSA must now learn the lessons of its own report – something it did not do in the past when supervising Northern Rock – but the FSA’s failure to implement its risk-based approach to regulation does not mean the approach itself is flawed.