WikiLeaks' revelations about RBS call into question the FSA's findings | Business | guardian.co.uk

WikiLeaks' revelations about RBS call into question the FSA's findings Business guardian.co.uk: "No governance failure at Royal Bank of Scotland? That's what the Financial Services Authority claimed last week to widespread incredulity. Now FSA chairman Adair Turner has more explaining to do. As we report , Sir Philip Hampton, chairman of RBS, appeared to come to the opposite conclusion after nine months' examination of the wreck.
Hampton thought his predecessors on the RBS board failed to live up to their 'fiduciary duties' and did not conduct adequate due diligence before buying part of ABN Amro in 2007. His comments, in a meeting with three US politicians, were relayed in a cable sent from the US embassy in London.
Hampton is free to challenge this report of his conversation. But, if the cable is a correct summary of his remarks and views, one must assume he would dispute Turner's claim last week that the RBS board's poor decisions 'were not … made without consideration of relevant information'."