The new City watchdog was last night fighting to defend its chairman amid accusations he enabled HBOS to pursue its reckless lending strategy.
John Griffith-Jones, the chairman of the Financial Conduct Authority, faces mounting calls to resign for giving HBOS a clean bill of health while chairing KPMG, the Daily Mail reports. The accountancy giant is also now facing a possible inquiry into its auditing of HBOS after accounting watchdog the Financial Reporting Council said it will "see whether there is a case for an investigation". John Mann, Labour MP and member of the Treasury Select Committee, last night called for Griffith-Jones (pictured), to quit. He said: "He should absolutely resign. These grossly failed businessm...
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