Treasury begins review of response to financial crisis

The review follows recommendations from the Public Accounts Committee and the National Audit Office, and is being led Sharon White, formerly a Director General at the Ministry of Justice and the Department for International Development. It will examine the Treasury's capability on financial services ahead of the crisis and the pace at which the Treasury built its capability when the crisis hit. The review will also look at whether the capability and senior management arrangements put in place to handle the crisis and the aftermath have been adequate. Findings from the review will i...