FSA's RBS report probed for evidence it was 'asleep at the wheel'

Sir David Walker and Bill Knight, who have been tasked with carrying out the review, will give their own analysis of the causes of RBS's failure, and scrutinise the FSA's handling of the investigation. The report will look at the findings of the FSA's own probe into RBS's decision-making, risk controls and governance processes. It will assess the FSA's regulation and supervision of RBS, identifying any "deficiencies" and what action was taken by the FSA subsequently. Finally the independent review will examine whether the FSA report fairly reflects the findings of its investigation...