Osborne Orders Review of Bank Inquiry Secrecy, Telegraph Says

U.K. Chancellor of the Exchequer George Osborne ordered a review of laws on the secrecy of official inquiries into the banking crisis, the Sunday Telegraph reported, citing unnamed senior persons at the Treasury.

Osborne is frustrated at a lack of transparency after the Financial Services Authority refused to publish its investigation into a bail-out of Royal Bank of Scotland Group Plc, the newspaper said. An unnamed Treasury person said it was unclear whether any changes could me made retrospectively so that the RBS report could be published in full, the Telegraph reported.

To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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