UK Prudential Regulation Authority And UK Financial Services Authority Conclude Investigations Into Senior Managers In Relation To The 2008 Failure Of HBOS plc
<p><span>The PRA and FCA (together, the 'Authorities') joint investigations into certain former senior managers at HBOS plc have now concluded with a decision by each of the Authorities’ independent decision-makers to take no further action. The investigations, which began in 2016, were in response to Andrew Green QC’s November 2015 report into the reasonableness of the scope of the FSA’s enforcement investigations in relation to the failure of HBOS (the 'Green Report'). </span></p>