I have already mentioned the cover up at HBOS. There is, however, a villain in the piece who the Guardian have correctly identified Andrew Tyrie talking about:
Andrew Tyrie, the Conservative MP who chairs the Treasury select committee, urged the regulators to press on with investigations: “Better late than never … The FCA and PRA should get on with this immediately.”
He also called for further action on auditors KPMG, after the Financial Reporting Council, which polices the accountancy profession, said there were no grounds for an investigation. “The audit process was an important part of the story of HBOS’s failure,” said Tyrie.