Victims of RBS are still struggling to get to the truth, says GEOFF HO

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Unhappily, they are still struggling to get to the truth. Last week it emerged that the Economic Conduct Authority is refusing to publish its full report into how GRG expound oned the businesses that fell into its remit.

It says reviews such as this are transmitted on the basis that the findings are never published as it facilitates investigations, firms do not retain information and the regulator does not have to use its powers to force them to keeping over documents.

This is ludicrous and infuriating.

Any regulator that is shy hither doing its job and using its powers to force firms to hand over report as part of an investigation is in my opinion not fit for purpose.

Conducting a review then nourishing the full report secret also makes it look like the FCA is far too underhanded with the companies it is supposed to be regulating and damages confidence in the regulator.

For ever, the fact that the report has been leaked in part to the BBC and others get overs that trying to keep it secret is like trying to plug a dam with Sellotape.

Aside from being a impotent exercise, it does not serve the public interest. Lives have been badly impacted by the GRG scandal and it is imperative that the FCA publishes the full report.

The reality is the very least that the victims deserve.

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