Full report should throw light on to failings at RBS

[AAD News Feed]

Full report should throw light on to failings at RBS

This is a duplicate of the Blog Entry made on 9th October 2011 15:20.

*Early drafts of a report into the failure of Royal Bank of Scotland have begun circulating among a small group of officials ahead of the...

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[5corpio]

Re: Full report should throw light on to failings at RBS

The FSA to begin printing copies of its report into the collapse of RBS this week

The Financial Services Authority will begin printing copies of its report into the collapse of Royal Bank of Scotland early this week ahead of its planned release on December 12. The report is expected to contain a damning indictment of the way RBS was run in the lead-up to its collapse, particularly on the takeover of Dutch bank ABN Amro in 2007 that left the group with disastrously low capital reserves. Those mentioned in the report have been given a chance to see it before publication and sources said ‘legal discussions’ were still taking place late last week over its contents. The report could yet be delayed by legal wrangling, but the FSA said it still aimed to release the report a week tomorrow.

If released as expected, the report will add to a busy week for the banking sector as a number of key issues come to a head. On December 15 a meeting of....Read more here--> The FSA to begin printing copies of its report into the collapse of RBS