Page 246 - Bank Case Studies

"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.