Anthony Hilton: Why should one man carry the can at HBOS?
Saturday 15 September 2012
Peter Cummings, a senior executive at HBOS when it was making hay before the banking collapse, was fined and banned by the Financial Services Authority for his role leading up to the collapse.
He played his part – which he accepts – but he makes a serious point when he says it is unfair that he should have been singled out.
His contention is that none of the other senior figures has been accused. They were his superiors and if he is to blame then so are they.
Some are very senior. One former chief executive, Sir James Crosby, doubled up for a while as deputy chairman of the Financial Services Authority (FSA). Another, then HBOS chairman, Lord Stevenson, also chaired the committee which recommends who should be appointed as working peers.
There have been rumours that the FSA was looking at the roles of both of them but nothing has emerged, and there is only a limited time left in which cases can be brought before they become time-barred. It may well be neither has a case to answer, but in the absence of a clarifying statement from the FSA to this effect it seems unjust that Mr Cummings has been left to carry the can alone.
Diving in at the deep end is no excuse for shirking the style stakes
- 1 World Cup 2014: 20 things we learned in Brazil
- 2 Why I'm on the brink of burning my Israeli passport
- 3 War is war: Why I stand with Israel
- 4 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
- 5 World Cup 2014: Robin van Persie gives his bronze medal to eccentric Netherlands fan moments after being handed it by Sepp Blatter
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Ian Thorpe gay: Olympic swimmer comes out in Parkinson interview
Pamplona bull run: Man who contributed to a survival guide for the festival falls foul of the raging beasts
Israel-Gaza conflict: William Hague calls for ceasefire but says Israel 'has the right to defend itself'
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
iJobs Money & Business
£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...
£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...
£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...