The Financial Conduct Authority has said it is willing finally to issue a highly critical report into Royal Bank of Scotland’s scandal-hit restructuring unit.
In a remarkable reversal of its stubborn resistance to pressure to publish the contentious investigation into the bank’s global restructuring group, the watchdog said that it would produce the full document once it had the consent of the small number of individuals cited in it.
The dramatic change of heart was revealed yesterday after Ross McEwan, the RBS chief executive, had told the Treasury select committee he would not object to the report being issued.
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