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Questions remain over the FCA inquiry into RBS | Nils Pratley

Did the financial watchdog opt not to publish a report into the bank’s handling of small firms because it feared being sued? We need an answer

A bad look for a regulator is to appear afraid of the people it is regulating. That is where the Financial Conduct Authority, fairly or not, now finds itself. It chose not to publish the high-profile report into Royal Bank of Scotland’s handling of 6,000 small and medium-sized businesses because it feared being sued.

The FCA had other reasons, but the legal worry is the one that will fuel the suspicion that the full horrors of what went on within RBS’ now-disbanded Global Restructuring Group (GRG) are being kept from public view.

Related: FCA investigates Provident Financial’s car finance firm Moneybarn

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Source: The Guardian