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FSA set to publish RBS investigation

The Financial Services Authority is set to publish a fuller account of its decision to clear Royal Bank of Scotland of any wrongdoing.

The Financial Times reports that the regulator is set to reverse its previous stance not to publish after coming under political pressure.

Andrew Tyrie, chairman of the Treasury Select Committee, yesterday wrote to Adair Turner, chairman of the FSA, to ask him to publish the full investigation.

The FT reports that chancellor George Osborne and business secretary Vince Cable have also pressurised the FSA to release the information.

Tyries says he understands that the FSA would now “seek permission from RBS to enable the release of more information from this investigation in the public interest.”

He adds that he understands the need for confidentiality in investigations but that RBS is a special case.

A leaked US embassy cable shows that RBS chairman Sir Phillip Hampton believes RBS directors breached their fiduciary duties during the financial crisis.



Could be better

We’ve had new lenders and products to raise our spirits this year, alongside big news like the MMR and the decision to scrap the FSA. It’s been busy, but substantial improvement in the mortgage market remains elusive


Last week’s winner

Last week’s winner Duncan Jones, Leicester Haart

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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