Financial Secretary to the Treasury, Mark Hoban, made a statement in the House of Commons on Monday 12 December on the Financial Services Authority report into the Royal Bank of Scotland
Royal Bank of Scotland FSA report
In October 2008, the Royal Bank of Scotland (RBS) had to be part-nationalised. On 12 December 2011 the Financial Services Authority published a report into the causes of the failure of RBS; and deficiencies in, and lessons for, the regulatory framework, supervision and the management of firms. Read the report on the Financial Services Authority website.
Shadow Minister for the Treasury, Chris Leslie, responded to the statement on behalf of the Opposition. Watch and read the statement and the views expressed by MPs on Parliament TV and in Commons Hansard. Also find current parliamentary material on economy and finance in the Topics and News sections.
Oral statements are made after Question Time (or at 11am on a Friday). Statements normally relate to matters of policy or government actions. At the end of a statement, MPs can respond or question the government minister on its contents.
Image: Parliamentary copyright