Downing Street Says » RBS report

» Wednesday, December 15, 2010

RBS report

Asked if the Prime Minister shared the view of Lord Turner, that it was extremely frustrating that RBS were blocking the publication of it, the PMS replied that this was a matter for Lord Turner.

Asked if the Prime Minister wanted to see the publication of the report, the PMS said that the important thing was to learn the lessons from the RBS experience, for example by reforming the regulatory system.

Put that the actions of RBS in relation to the report not being published had been contemptuous towards Parliament, the PMS said that this was a matter for the FSA, but as he understood it, Lord Turner had said that he would look at what it was possible to publish.

Asked if the Prime Minister supported the Business Secretary in his attempts to get the report published, the PMS replied that Lord Turner and the Business Secretary were meeting about this, this afternoon. Lord Turner had said that he wanted to see what could be published, so he was actively looking at this issue.

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