British Pols Chide BoE Over Northern Rock

The Bank of England and the Financial Services Authority face MPs' harsh criticism of their inaction as the lender became mired in the credit-liquidity crisis

MPs yesterday attacked the Bank of England and the Financial Services Authority for failing to prevent the Northern Rock crisis as the House of Commons Treasury Committee launched a inquiry into the events that rocked the British banking system.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.