FSA chairman, Adair Turner
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FSA approach 'was seriously flawed', says chairman Adair Turner

Royal Bank of Scotland nearly collapsed in 2008 because of poor management decisions, inadequate regulation and a flawed supervisory system, a Financial Services Authority report says.

FSA chairman, Adair Turner said the organisation's approach to the safety and soundness of major banks was "seriously flawed".

  • 12 Dec 2011
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