FSA identified HBOS risk in 2002

It says it conducted a "full risk", or ARROW, assessment in late 2002 "which identified a need to strengthen the control infrastructure within the group". Additionally, the City regulator says a follow-up assessment in 2004 concluded the risk profile of the group "had improved". Earlier this week, whistleblower Paul Moore, head of group regulatory risk at HBOS between 2002 and 2005, claims he told the UK lender's board the bank "ought to slow down", adding he was fired as a result. The FSA confirms Paul Moore was told he no longer had a role at HBOS after the company appointed a new g...