Ex-Bradford & Bingley director faces £100k fine after court loss

Willford's identity had previously remained secret throughout the dispute but these restrictions have now been lifted as a result of the court's decision. The regulator's predecessor, the Financial Services Authority (FSA), originally determined in October 2010 that Willford should be subject to the penalty for failing to exercise due skill, care and diligence in early 2008. This decision notice against Willford was overturned in May 2012 when he brought a judicial review against the FSA's regulatory decisions committee, arguing that it had failed to give adequate reasons for its deci...