Tyrie attacks FSA over RBS

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The Independent Online

The chairman of Parliament's influential Treasury Select Committee has added his voice to calls for the release of the details of a Financial Services Authority investigation into the rescue of the Royal Bank Scotland.

The FSA faced criticism earlier this month when it cleared former RBS chief executive Sir Fred Goodwin, and fellow directors, of wrongdoing during the events leading up to bank's rescue, but refused to publish the report.

Yesterday, it emerged that the Treasury Committee's chairman, Andrew Tyrie has written a letter to Lord Adair Turner, his counterpart at the FSA, asking for the release of a detailed summary of the investigation.

"It is in the public interest that as much as possible of the findings of this investigation be made public," Mr Tyrie wrote in the letter, which was sent out on Monday and made public yesterday.

"All of those involved in regulation need to learn the lessons from the catalogue of mistakes which necessitated a huge taxpayer-funded bailout."