Page 39 - RBS GRG F Case Study

"We have accepted all the relevant recommendations
from the report and our focus is now on rebuilding trust

and supporting our customers." (10)

The FCA had refused to publish the report, due to legal

constraints, but the MPs invoked parliamentary privilege

and voted to publish it. (32) Furthermore, it commented

That “commercial lending” and RBS GRG were outside of

FCA regulation, so the regulator may not have the

jurisdiction to prosecute GRG’s activities.