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TSC asks FSA to release RBS investigation details

Treasury Committee chairman Andrew Tyrie has written to the chairman of the Financial Services Authority asking for a summary of the investigation into the Royal Bank of Scotland to be produced, which could be released with the consent of those involved.

Tyrie say: “It is in the public interest that as much as possible of the findings of this investigation be made public. It is crucial that we learn the lessons from the catalogue of mistakes which necessitated a huge tax-payer funded bailout; not least for the assistance it may provide in getting regulation right for the future.

In this case, the FSA has not been able to release the findings of their investigation into RBS. The Financial Services and Markets Act restricts publication of details relating to individuals without their consent. The FSA have assured us that they have conducted a thorough investigation. We need to see it.”

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  • Steven Balmer 14th December 2010 at 7:30 pm

    If the banks have their clients or shareholders interests at heart at all I should think they would give permission. I would certainly want to be cleared of any wrong doing in the public eye if I was associated with such a public crisis.