Sir Fred Goodwin renews pressure on FSA to publish RBS report - Telegraph

Sir Fred Goodwin renews pressure on FSA to publish RBS report - Telegraph: "However, sources close to the regulator last night indicated that the approval of Sir Fred is unlikely to be enough. It is understood that the FSA would only consider opening up the report, compiled by PricewaterhouseCoopers, if a 'legal view' could be established that it could do so within the exemptions of the law.
Under the Financial Services and Markets Act of 2000, it is a criminal offence to make confidential information public. However, there are exemptions which allow for the disclosure of information 'for the purpose of facilitating the carrying out of a public function' or when 'permitted by regulations made by the Treasury under this section'.
The exemptions also indicate that disclosures can be made under conditions such as 'obtaining consents' from 'whom the primary recipient [the FSA] obtained the information' or 'to whom it relates'. This means that consent from RBS is also likely to be needed."

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