The Financial Conduct Authority is supposed to be investigating HSBC and John Lewis Financial Services Limited for fraud. They have recently announced the appointment of Baroness Sarah Hogg, who happens to be a John Lewis director and Chair of their Audit Committee:
Also newly appointed is Ruth Kelly, most recently Global Head of Client Strategy at HSBC Global Asset Management.
But this is not all. Ruth Kelly used to be an MP and this, from Wikipedia tells us a little about her time as an MP
Apparently this woman is deemed suitable to sit on the board of the Financial Conduct Authority.