...HR director that has to explain to your Board or the regulators why you were unable to submit your accounts or regulatoryreturns on time, or why your IT systems were down for an extended period, or why your suppliers or staff were not paid...
http://www.alsbridge.eu/knowledge/articles.html?id=149
...preference for its own view. The Government had failed to do this in a number of instances, in particular in relation to regulatoryreturns filed by Equitable Life during the 1990s. The Ombudsman concluded that the regulator had failed to ask and resolve...
http://www.out-law.com//default.aspx?page=10465