Cant see why this is being lauded as such a big story? Let's face it, he will be replaced by another tail wagger who daren't say what he thinks, and has the supreme ability to avoid the question.
And now the plaudits will spout about how well he did his job in such difficult circumstances......!
That's because he had an aversion (IMHO) to telling the truth! Ideal candidate for politics. No doubt he'll weasel his way into some high profile banking position.