FSA report into RBS must be made public, says Lord Oakeshott - Telegraph

FSA report into RBS must be made public, says Lord Oakeshott - Telegraph

The idea that one man can run a bank of that size is insane, as is the amount of money handed to him despite the failures of which there were, and still are, many. I don't think we can blame the regulators for the failure of Parliament to ensure that the legislation which empowered them was robust enough. We can also consider how much political influence was aimed at the FSA to allow the banks to 'regulate themselves', when you consider that last year there were only SIX regulators assigned to supervise one of the biggest banks we can only assume that the "collective intellectual failure" was inevitable. Then we examine the list of FSA staff, a large proportion of them are former BofE who in turn have employed even more bankers, does that create bias?