In nineteen eighty-two, American researchers James Wilson and George Kelling wrote a report describing what they called the broken windows theory.

VOA: special.2009.03.03

In the Banking Standards Commission report, Sir James was described as the "architect" of HBOS's downfall, according to BBC political correspondent James Landale.

BBC: David Cameron will not intervene on HBOS titles

Following the report, Sir James, who served as chief executive at HBOS between 2001 and 2006, resigned from an advisory position he held at London-based private equity firm Bridgepoint.

BBC: Vince Cable 'examines ban for former HBOS directors'

James Trew contributed to this report.

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