Bad decisions not fraud at RBS, concludes FSA

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The FSA has completed its supervisory investigation into the Royal Bank of Scotland.

In May 2009 the FSA launched a supervisory investigation into Royal Bank of Scotland Group (RBS), as one of the UK banks that required partial taxpayer bailout support. This work considered if regulatory rules had been broken and what, if any, action was appropriate.The FSA said the review was “necessarily extensive”” and looked specifically at the conduct of senior individuals at the bank

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