MPs are planning to make an unprecedented use of their parliamentary powers to publish a report into the mistreatment of thousands of small and medium-sized companies by Royal Bank of Scotland.
Nicky Morgan has asked the Treasury select committee, which she chairs, to support the release of the confidential document, having used parliamentary privilege to obtain it from the Financial Conduct Authority.
The investigation into RBS’s Global Restructuring Group, which was designed to be a “turnaround” unit to help struggling businesses, was leaked online. Ms Morgan said: “A version of the report is now in the public domain. The FCA has completely lost control of the publication process.
