WASHINGTON — House Republicans issued a report Thursday that blames the failure of brokerage firm MF Global on former Sen. Jon Corzine's leadership of the firm, adding that a lack of coordination among regulators also played a role.

The report by the House Financial Services Committee's subcommittee on oversight and investigations describes an "authoritarian atmosphere" created by Corzine and says that the former lawmaker and governor insulated his trades from the standard review process. The company also failed to disclose the extent of its risk-taking, including its total European bond holdings, the study finds. Lawmakers did not weigh in on whether Corzine should face criminal charges.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.