UK FSA’s handling of bank failure under review

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The UK's financial regulator is to be scrutinised over its handling of the failure of a major UK lender, now majority-owned by the state.

A group of influential lawmakers in March commissioned an independent review of the UK Financial Services Authority's (FSA) report into the failure of the Royal Bank of Scotland (RBS), of which the state owns an 83% share. The terms of reference, revealed on Wednesday, indicated that the review would examine not only the report's coverage of RBS's role in its

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