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PPI: FSA urged to publish RBS report

The Financial Services Authority (FSA) should publish details from the report into the collapse of the Royal Bank of Scotland (RBS), it has been claimed.

Andrew Tyrie, the chairman of parliament's Treasury Committee, has urged the city regulator to release as much information as possible into what factors led to RBS' collapse.

The FSA has claimed that it is unable to publish the findings of the report but Mr Tyrie urged the organisation's chairman, Lord Adair Turner, to seek consent to do so.

"It is in the public interest that as much as possible of the findings of this investigation be made public, " he wrote in a letter to Lord Turner.

"It is crucial that we learn the lessons from the catalogue of mistakes which necessitated a huge taxpayer-funded bailout; not least for the assistance it may provide in getting regulation right for the future.

"The FSA have assured us that they have conducted a thorough investigation. We need to see it."

Posted by John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate financeADNFCR-2776-ID-800291320-ADNFCR

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