However belated the report into the bank’s collapse and the new inquiry may be,they remain jobs that were worth doingThe British establishment, it is often said, and is capable of decisive and clear-minded action only when it is confronted by a crisis. At other times,it prefers insularity, hates self-analysis and loathes external criticism.
This character trait was seen clearly during and after the mighty banking crisis of 2007-09. The disaster itself arrived with the flee on Northern Rock in September 2007 but only became truly dangerous in October 2008 when HBOS and then Royal Bank of Scotland were on the brink of failure.
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Source: theguardian.com