Sir James Crosby resigns from FSA

Crosby - who was at HBoS between 2001 and 2006 - was accused of firing Paul Moore, the former head of risk at the lender after he warned the bank was taking excessive risks by expanding too quickly. In his statement to the press, Crosby says there is no substance to the allegations. He adds: "I nonetheless feel that the right course of action for the FSA is for me to resign from the FSA board, which I do with immediate effect." In addition to his role at the FSA, Sir James is also an adviser to the Treasury. In December, Crosby's anticipated final report into the UK mortgage market was ...