FCA agrees to scrutiny of RBS report

Following the controversy of FCA’s refusal to publish the skilled persons’ report into the treatment of customers in the RBS Global Restructuring Group and its correspondence with the Treasury Committee on the issue, Andrew Bailey has now agreed to the Treasury Committee’s proposal to scrutinise the report. Under the proposal, the Treasury Committee will appoint a QC to compare the summary FCA plans to issue against the report and report on whether the summary accurately reflects the report’s findings.