Banned ex-NRock finance chief says FSA penalty 'unfair'

Jones, also fined £320,000 for allowing false figures to appear in the lender's 2006 accounts, says the FSA disregarded a number of issues, including that he ensured pending possessions and future provisioning levels were fully accounted for. He says he fully co-operated with the FSA during its investigation and declares he was satisfied stakeholders received sufficient information on credit quality to assess future provisioning levels on the residential loan book. "I accept I did not ensure information on residential arrears prepared and presented by others was corrected to include c...