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The Treasury Committee took evidence from John Griffith-Jones, Chairman, and Andrew Bailey, Chief Executive of the Financial Conduct Authority (FCA).
- Watch Parliament TV: Financial Conduct Authority
- Inquiry: Financial Conduct Authority
- Treasury Committee
Leak of market sensitive information is deeply concerning
Commenting on RBS' announcement of a compensation scheme, Rt Hon. Andrew Tyrie MP, Chairman of the Treasury Committee, said:
"The leak of market sensitive information is deeply concerning. The FCA confirmed today that they will be conducting a leak inquiry; the TSC will examine its conclusions carefully.
The announcement is welcome. It is also not before time. For over three years, the Committee has been pressing for fair treatment, for the many businesses who have been at the wrong end of GRG's band practices. Redress now looks a little closer.
It is also a step forward that, in the light of the FCA's mishandling of the IRHP redress scheme, and as the Committee has previously suggested, the arrangements for compensations will be handled independently, by a recently retired high court judge."
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