Downing Street Says » Royal Bank of Scotland

» Wednesday, December 14, 2011

Royal Bank of Scotland

Asked if the Prime Minister thought there could be retrospective sanctions on the board of the Royal Bank of Scotland, the PMS said the Prime Minister had been referring to a statement made by the Business Secretary after the Financial Services Authority issued a report the previous week. The PMS said the Business Secretary had received the report and was instructing counsel to advise on what course of action was open to him; and that included taking advice on whether it was possible to take action against any director to disqualify them.

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