Royal Bank of Scotland

HM Treasury written question – answered on 23rd January 2018.

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Photo of Bill Esterson Bill Esterson Shadow Minister (Business, Energy and Industrial Strategy), Shadow Minister (International Trade)

To ask Mr Chancellor of the Exchequer, what the timetable is for the completion of the Financial Conduct Authority inquiry on RBS; and whether that report will be published.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Financial Conduct Authority (FCA) has published a final summary of the independent review of Royal Bank of Scotland’s treatment of small and medium-sized enterprise customers transferred to its Global Restructuring Group. The FCA announced it is investigating the matters arising from the review and focussing on whether there is any basis for it to take further action.

The review is solely a matter for the FCA, which is operationally independent of Government. It would not be appropriate for the Government to comment further whilst this process is ongoing.

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