FCA Docs Show It Sat On RBS Report Over Fear Of Suit

Law360, London (December 5, 2017, 6:11 PM GMT) -- Britain’s Financial Conduct Authority withheld publication of a critical report into the treatment of RBS business customers over fears it would be sued by the bank and its senior bosses, it was revealed Tuesday.

Minutes of redacted FCA board meetings from 2016, first reported by The Times newspaper then published under Freedom of Information laws, show the regulator decided against full publication of an independent report into The Royal Bank of Scotland Group PLC’s Global Restructuring Group after lawyers told them “risks” of doing so included...
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