Former NRock deputy CEO fined £504k for misreporting arrears

Richard Barclay, former managing credit director at NRock, was also fined £140,000. Baker has been prohibited from performing any function in relation to any regulated activity while Barclay has been prohibited from performing any significant influence function at an FSA-regulated firm. As deputy CEO between January 2004 and March 2008, the FSA says one of Baker's responsibilities was "accurate internal and external reporting" at tha bank. He also had overall responsibility for the firm's debt management unit (DMU), which managed its secured loan book. However, despite becoming ...