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HSBC director fears impact of jail threat on bank leadership

Dec 01, 2014 - City A.M.

TWO TOP directors at HSBC are concerned that non-executives are being given too much work under new regulations, and face greater punishments - including the threat of jail - if anything goes wrong, a letter from the bank's chairman showed yesterday.

Alan Thomson left the board at the end of October. According to chairman Douglas Flint, Thomson "had some incremental concerns surrounding the application of the new senior managers regime."

And in his letter to the Treasury Select Commi...