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FSA 'to admit to bank failings' over RBS

The UK's financial regulator will be highly critical of its own role in its report into the circumstances surrounding the collapse of the Royal Bank of Scotland, the BBC has learned.

Many aspects of the Financial Service Authority's work were "inadequate" or "deficient", Monday's report will say.

But the BBC understands the regulator will say that the ultimate failure of RBS in 2008 was a result of decisions made by the bank's management.

Joe Lynam reports.

  • 11 Dec 2011