The Financial Conduct Authority (FCA) has denied the Treasury select committee's request to publish its full report into the treatment of customers in RBS's global restructuring group (GRG).
In a letter to the Committee's chair MP Nicky Morgan, the regulator's chief executive Andrew Bailey (pictured) said he did not believe the public interest was "best served" by publishing the full report, despite it having been leaked to the BBC. Bailey said the report, if it were to be published in full, had to be ‘Maxwellised' - the legal practice that allows people who are criticised in a report to respond before publication - before it is published, which he said would be a lengthy and difficult process. Instead, Bailey intends to publish a "detailed summary" of the section 166 rep...
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