FSA adviser who approved disgraced ex Co-op chairman Flowers got job at troubled lender

Laura Miller
clock

One of the regulators who rubber-stamped the appointment of disgraced former Co-op Bank chairman Paul Flowers later landed a job with the troubled lender, according to reports.

Graeme Hardie was one of the Financial Service Authority's ‘grey panthers' - seasoned financial experts drafted in to help vet senior banking appointments, the Daily Mail reports. And well-placed sources confirmed Hardie was on the FSA panel that interviewed Flowers when he was chosen as chairman of Co-operative Banking Group in 2010. Flowers has since been discredited in the light of revelations about the alleged use of drugs including crystal meth and the horse tranquiliser ketamine. Earlier this year Hardie was recruited by the Co-op Bank as a non-executive director, a role that...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's vulnerability findings flag lack of tailored training and understanding

FCA's vulnerability findings flag lack of tailored training and understanding

Many firms had taken positive action but ‘areas for improvement remain’

Isabel Baxter
clock 07 March 2025 • 6 min read
FCA urges principal firms to check PII cover

FCA urges principal firms to check PII cover

Regulator finds 10% of sampled firms may not have adequate cover in place

Isabel Baxter
clock 28 February 2025 • 1 min read
FCA to undertake MPS Consumer Duty review

FCA to undertake MPS Consumer Duty review

Regulator recognises the sector has been ‘growing at pace’

Isabel Baxter
clock 26 February 2025 • 2 min read