Report into collapse of HBOS in 2008 due to published and expected to heavily criticise senior executives in bank

The video discusses the financial crisis centered around HBOS, highlighting boardroom mismanagement, executive accountability, and regulatory failures. It critiques the actions of key executives and the financial watchdog, emphasizing the need for better oversight and offering lessons for future banking practices.

What criticisms were directed at the previous financial watchdog regarding its supervision?

What lessons does the report suggest should be learned from the boardroom arrogance and regulatory incompetence?