He qualified as a chartered accountant, was admitted to the bar as an advocate and was made Senior Counsel in 1978.
[2] He chaired two major independent inquiries, establishing in each case complex authoritative narratives of events.
It highlighted the long-term underlying weakness of a fund where the capital assets were unfairly held so as to benefit crystallised maturities disproportionately (Chapter 20).
[5] In consequence, the 2007 Report demanded that terminal payments and liabilities across the entire European Union must be the subject of regulatory supervision and anticipatory provision.
The House was also informed that Lord Penrose had taken 150 statements from witnesses and relatives and had considered over 118,000 documents.