FSA paid £7.6m for secret RBS report

The City watchdog did not pay the fees in their entirety, but imposed a "special levy" on the bank of more than £4.7m for extra regulation costs after RBS received a £45bn capital injection from the taxpayer, the Guardian reports. Despite such hefty fees, the FSA has admitted it does not have a report it can publish into the events that brought RBS to the brink of collapse in October 2008. The FSA announced last month that "bad" decisions, not dishonesty, were to blame. At first the watchdog refused to give details on why no disciplinary action would be taken against any of the ind...