13/12/2011 - FSA RDR And TCF Distracted Bank Supervision

FSA RDR And TCF Distracted Bank SupervisionFSA RDR And TCF Distracted Bank Supervision.

In a report, the Financial Services Authority (FSA) has admitted it had failed in its supervision of RBS in the run up to its near collapse in 2008.

The regulator has admitted that it focussed on the RDR, TCF and Equitable Life, meaning it was sometimes unable to supervise banks a effectively as it should have.