RBS blocks FSA report of its near-collapse

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...