Trade minster Lord Green of Hurstpierpoint has told Sky News he has "no case to answer" over the money-laundering scandal which hit HSBC during his time as the bank's chairman.
In an interview with our City Editor Mark Kleinman, he said he had no plans to resign his role in Government in the wake of a US Senate Committee inquiry, which concluded that inadequate checks between 2006 and 2009 allowed drug cartels and even terrorists to launder money through the bank.
Lord Green, who was chief executive of the bank from 2003 to 2006 and then chairman until 2010, said the inquiry found he had "acted appropriately."
More to follow...
