RBS blocks FSA report of its near-collapse

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RBS has blocked the FSA from publishing a report into the circumstances leading to its taxpayer bailout.

It comes after the Treasury Select Committee (TSC) last night called for the FSA to publish a comprehensive report on its investigation into the bank's dealings, in which it found RBS made poor decisions in the run up to the crash. The FSA planned to publish a report no later than March, but the bank has refused to give its consent, the BBC reports. FSA chair Lord Turner (pictured) described the situation as ‘extremely unsatisfactory' in a letter to TSC chair Andrew Tyrie. The FSA is legally incapable of unilaterally publishing the details of the investigation unless enforcement ac...

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