FCA fails to publish contentious report on RBS

Regulator opts to supply parliamentary committee with confidential version of report

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Andrew Bailey: “It is not our intention to frustrate or impede the work of the committee”

The UK’s Financial Conduct Authority has chosen not to publish a contentious report on the Royal Bank of Scotland Group’s (RBS) Global Restructuring Group by today’s (February 16) deadline.

Parliament’s Treasury Committee had demanded a copy be published or that the committee be provided with a confidential version by today. The FCA opted for the latter, having failed to obtain the permission of key people named in the report.

The document relates to the controversial division of RBS, which

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