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Fca Defends Decision Not To Act Over Rbs Small Firms Scandal - Latest News


FCA defends decision not to act over RBS small firms scandal

The City watchdog says its powers to discipline anyone for misconduct do not apply in the case of RBS' global restructuring group. Image: The Royal Bank of Scotland has offered a total of £125m in com... read more

Closed EU referendum live: UK heads to the polls

Britain’s day of decision has finally arrived. After a long, wearying referendum campaign, the British people will on Thursday resolve whether or not their country ... s banks and brokers over the nex... read more

FCA boss defends watchdog’s lack of action against RBS’s turnaround unit

Andrew Bailey has defended the Financial Conduct Authority’s lack of action against Royal Bank of Scotland over the way it treated small firms in its ... behind the FCA’s decision not to pursue any ba... read more

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MPs call for new powers for watchdog after inaction on RBS

urgently consider what additional powers the FCA requires to act in cases such as GRG," she said. The RBS ... small firms affected by bank misconduct, said members of the group were "shocked and disap... read more


UK Lawmakers Release RBS Business Report, Defying Regulator

The FCA, which is still investigating the scandal, says it cannot legally publish the report before those named in it have had an opportunity to respond. GRG handled some 12,000 struggling firms ... n... read more

Royal Bank of Scotland : Daily Mail, London, Alex Brummer column

It also has rightly shared blame for the Global Restructuring Group (GRG) fiasco which is far from over. The over-enthusiastic way in which GRG put many small firms into bankruptcy ... would be an act ... read more

UK ruling could land banks with 33 billion pound compensation bill - study

The case was brought by Susan Plevin over a policy sold in 2006, and has become known as the Plevin case. The Financial Conduct ... decision (including to previously settled cases), it is not practica... read more

RBS managers will escape action over small firms scandal, says City watchdog

Royal Bank of Scotland and its senior managers will not face ... of small firms by GRG. It came amid widespread criticism over the FCA’s handling of the investigation and failure to make the report pu... read more

Payday loan critics say watchdog's new rules do not go far enough to curb 'out of control' industry

The FCA, which takes over responsibility ... if we don't act now to change this, this is going to the next PPI (payment protection insurance) scandal. I am convinced of it.’ ‘People aren't borrowing f... read more

FCA defends decision not to act over RBS small firms scandal

The Financial Conduct Authority has defended its decision not to take punitive action against the Royal Bank of Scotland (LSE: RBS.L - news) over the bank's treatment of small businesses by its global ... read more

Royal Bank of Scotland : MPs call for new powers for watchdog after inaction on RBS

urgently consider what additional powers the FCA requires to act in cases such as GRG," she said. The RBS ... small firms affected by bank misconduct, said members of the group were "shocked and disap... read more



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