Royal Bank of Scotland Group PLC's RBS -7.80% failure stemmed from poor decisions by the management and board, fueled by insufficent global capital rules and liquidity requirements and by flawed supervision by the U.K.
Financial Services Authority, a report by the FSA board says.
In a Monday statement, the FSA said "no one has been punished" for the failure because its Enforcement Division could not find enough evidence to bring a case that would have a reasonable chance of success in court.
Six specific factors brought down the bank, the FSA said, including, among others, weaknesses in its capital position, reliance on risky short-term wholesale funding, and the ABN Amro deal, "on which RBS proceeded without appropriate heed to the risks involved and with inadequate due diligence."
The FSA is being split in two, creating a Prudential Regulation Authority and a Financial Conduct Authority, the FSA said. And the government formed a Financial Policy Committee tasked with identifying and responding to "emerging systemic risks," the FSA said.
1 comentario:
He interpretado las palabras de Rajoy. Tiene Razón. Cuantos menos Bancos haya tendremos menos corrupción y les forzará a dar crédito. Loable. Pero debemos ir más allá, cada día tengo más claro que tenemos que nacionalizar la BANCA. Todos los Bancos se las dan de tener beneficios, de comprar más bancos. Pero sin embargo son los grandes culpables de la crisis, al no dar crédito a nadie. Biógrafo, vete copiando todos mis comentarios.
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