‘Please explain’, says Treasury Committee
The UK’s new bank regulators must explain how they will supervise banks, while the Bank of England should launch a "comprehensive review" into its role in the financial crisis, the House of Commons Treasury Committee said on Friday (October 19).
The comments came as the Committee responded to the Financial Services Authoritys report into the collapse of Royal Bank of Scotland, which was published in December 2011.
The Committees report was highly critical of the FSA on several points. The authority failed to properly regulate and supervise capital,
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