Financial Times FT.com

Culpability debate intensifies

By Kate Burgess

Published: January 20 2009 02:00 | Last updated: January 20 2009 02:00

As the banking crisis worsened, the debate on the size, make-up and culpability of directors on the boards of UK banks has intensified.

The Financial Services Authority started examining the quality of boards and demanding change "where the calibre/expertise/skills of the [non-executive directors is] not good enough" in the wake of the collapse of Northern Rock.

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