Financial Reporting Council probes ex-Bradford & Bingley finance director

The council is to probe whether Willford, a qualified accountant, adhered to the professional code of ethics under the FRC's Accountancy Scheme during his tenure at the troubled bank between October 2005 and June 2009. An FRC spokesperson said: "We have an investor confidence focus. What we do under our conduct monitoring activity is ensure that members of the accounting or actuarial professions follow the ethical standards that we set and the regulations for preparations of financial reports. "[The investigation] is about Willford's conduct as a member of the profession." The Fina...