FCA refuses to publish report on RBS and small business customers

City regulator tells Treasury select committee publication could consitute a criminal offence, despite leak to BBC

The City regulator is at loggerheads with MPs after refusing to publish a report it commissioned into the way Royal Bank of Scotland treated small business customers.

Andrew Bailey, the chief executive of the Financial Conduct Authority, has told MPs on the Treasury select committee that publication of information in the report could be a criminal offence under the Financial Services and Marketing Act.

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