Bank of England governor Mark Carney says the latest allegations against Royal Bank of Scotland are deeply worrying, and should be pursued fully by independent authorities.
Asked by the Treasury committee for his views on yesterday’s report from Lawrence Tomlinson, which suggested that RBS had deliberately driven healthy firms to the wall, Carney replied:
We take the view that the behaviours documented in the report [and in a separate report from Sir Andrew Large] are deeply troubling and extremely serious.
It is the direct responsibility of the FCA to investigate, Carney continued, saying that RBS can’t be left to simply look into it themselves.
Authorities need to be involved, he added.