Cameron accuses Brown as FSA deputy resigns
Updated on 11 February 2009
David Cameron accuses the prime minister of making a "serious error of judgment" over Sir James Crosby's appointment.
The financial regulator at the heart of the row over risk taking by major banks resigned this morning.
Sir James Crosby stepped down as deputy chairman of the Financial Services Authority just before the prime minister was due to face questions about his appointment in parliament.
A whistleblower had accused Sir James of presiding over a culture of risk during his time as chief executive of Halifax Bank of Scotland, a job he held before he was appointed to the City regulator by Gordon Brown.
Crosby row: the whistleblower
Paul Moore, who was sacked by Sir James Crosby for warning that the bank was taking too many risks, stands behind his allegations, as Siobhan Kennedy reports.
The former HBOS executive said it was obvious HBOS was "going too fast".
But in his statement, Sir James said Mr Moore's claims were investigated at the time and were found to be baseless.
FSA row discussion
Interview: Paul Moore
Paul Moore, the former HBOS executive who questioned how the bank managed risk talks to Channel Four News.
