Actually, this is a key point
She points out, quite rightly, that the Financial regulator got slated fro not holding the institutions it monitored to account, and when she does the same, she is ignored by those self same critics... in the Lost to Sea case out of "a sense of loyalty to a colleague, the former Minister for the Marine and Natural Resources, who devised the scheme along with his officials, following representations from constituents and others and against the initial advice of his Department officials"The last Financial Regulator was excoriated for not doing his job adequately, for allowing himself to be captured by the system he was supposed to monitor, by not rooting out maladministration in the banking system and thus failing to serve the public interest. My Office has done - in its area of responsibility - precisely what the Financial Regulator was accused of not doing in his. And the result is as I have outlined.



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