Don't rock the boat!
James Crosby's fall highlights the perils of risk reporting to boards that do not want to listen
A political storm front has tracked the departure of Sir James Crosby from his lofty position as deputy chairman of the UK Financial Services Authority, hallowed adviser to prime minister Gordon Brown, and - critically - former HBOS chief executive. Crosby led HBOS during the now-merged bank's times of profit and plenty. Whether there is truth in the accusation by his former risk officer Paul Moore that blowing the whistle on the bank's risk exposure forced Moore out of his job, is probably
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