Cameron: HBOS collapse 'can't happen again'

We've changed the entire regulatory system.

We've swept away the failed system that Gordon Brown had put in place.

A new regulatory system is now there and is now working and will make sure that these things can't happen again.

– David Cameron

Read: HBOS ex-bosses - where are they now?

Read: Where angels fear to tread: The failings of HBOS bankers.

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HBOS trio could face City bans

Three former HBOS directors blamed for the banking group's collapse in a damning report may be banned for life as company directors. Business Secretary Vince Cable has ordered a probe to see if enough evidence can disqualify the trio.