The City regulator has bowed to pressure and said it hoped to reveal details of its inquiry into the collapse of Royal Bank of Scotland by the end of March.
In a letter to the Treasury Select Committee, Financial Services Authority (FSA) chairman Lord Adair Turner said the watchdog would seek the necessary permission from RBS to make public key findings, although he stressed it would not be a “blow-by-blow account”.
The decision follows calls for the FSA to remove the secrecy surrounding its RBS probe, with the chairman of the committee yesterday joining demands for Lord Turner to publish details.
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