I dig this quote from a piece in The Independent on anti-Goldman Sachs imprecations in the U.K.:
The Independent on Sunday reported yesterday that Goldman had failed to tell the FSA that Mr Tourre was under investigation when the bank was first informed of the SEC inquiry in July 2009. To work in prominent financial services roles, such as managing client investment portfolios, individuals must be approved on the FSA’s public register. Mr Tourre was approved on 24 November 2008. Sources close to Goldman said yesterday that the "bank had decided it was unnecessary to inform the FSA, believing there had been no wrongdoing."