Equitable FSA Admission - actionable?

Posted by Q on 15 February 2001 at 08:01:47:

In an article in todays FT - UK regulators admit to Equitable Life errors"Regulators have admitted they miscalculated some of the risks being run by Equitable Life, the 238-year-old UK mutual life assurer that was forced to close its doors to new business in December. "

As they were obligated to provide this protection, is there a potetntial action for a lack of care?