Whistleblower at HBOS attacks ‘ludicrously bad' City regulation

When Moore's allegations were first aired at the select committee, Crosby had insisted there was no substance to them. A report -- commissioned from the bank's auditors, KPMG -- concluded that he lost his job because of personality clashes inside the lender and not that Crosby sacked him because of warnings that HBOS was "going too fast". Crosby has since handed back his knighthood and 30% of his pension, and keeps out of the public eye.

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But [Moore's] ire is not only aimed at HBOS officials and non-executive directors. John Griffith-Jones, the boss of the Financial Conduct Authority, the current City watchdog, should quit, he says, because he was formerly chairman of KPMG, auditor of HBOS, as well as a string of other banks.