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No accountability makes bank probes a waste of money

Letters to the editor

After clearing the Royal Bank of Scotland of any wrongdoing following its near collapse in 2008 the FSA has revealed that it will not publish the results of its investigations into HBOS and Bradford & Bingley unless it finds anything seriously amiss.

But who is undertaking a review of the FSA’s failures? Of course it found no wrongdoing by RBS or its own part in this fiasco. What is the point in wasting more money when it is obvious no one will be held accountable?

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New entrants should already be regulated

It is great to see the positive publicity being generated by short-term lenders entering the market. This boost to the sector’s profile helps illustrate how buoyant short-term finance is and this will drive competition. But with such a profile comes a degree of responsibility. It’s vital the industry doesn’t lose the impetus of any positive […]

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