FORMER DUNFERMLINE CHIEF EXEC HAS QUESTIONS TO ANSWER.

FORMER DUNFERMLINE CHIEF EXEC HAS QUESTIONS TO ANSWER. SNP MSP Rob Gibson – a member of the Scottish Parliament’s Economy, Energy and Tourism Committee – has called for the former chief executive of the Dunfermline Building Society Graeme Dalziel to explain comments he made to the committee late last year where he indicating the society was running well and meeting stress-testing requirements. This is at variance with revelations that the Financial Services Authority was warning that the business was under-capitalised and at risk of failing stress tests. Commenting Mr Gibson said: “Looking back at the comments made by Graeme Dalziel about stress testing and saying they had capital to ride out the financial crisis, it seems to me that the timing of this was rather close to the point where the FSA was giving them advice that they didn’t have the capacity to ride it out. “If so he was either being economical with the truth, or indeed it wasn’t true at all. “When the fallout from this is dealt with we have to understand why it happened, questions which the First Minister raised about the management of the Dunfermline who had the responsibility. “It would be a good idea if Mr Dalziel could explain and give some more detail and elaborate on what he meant at the committee meeting.”