Wednesday, February 11, 2009

Rothschild man and HBOS

Sir James Crosby who helped found wealth management J Rothschild Assurance (St James Place plc.) in 1991.[1]

Sir James Crosby is currently deputy chairman of the Financial Services Authority.

He was the 'original architect' of the strategy that led HBOS into near-collapse.

(Revenge of the whistleblower: HBOS executive sacked and gagged for warning of disaster reveals truth to MPs)

During a session of the Treasury Select Committee of the House of Commons on February 10th, 2009, it was alleged that HBOS had ignored warnings by its former head of Group Regulatory Risk, Paul Moore, relating to risky business practices.

In 2005 Moore was sacked by Crosby.

Moore is quoted as saying that Crosby wrote "The decision (to sack Moore) "was mine and mine alone".

Full text of Moore's submission to the Treasury Select Committee: [8]



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