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RBS Lost Sight of ‘Core Fundamentals,’ U.K. FSA Expected to Say

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Dec. 11 (Bloomberg) -- Royal Bank of Scotland Group Plc lost sight of “core fundamentals of capital, liquidity, asset quality and risk” for more than a year before the government rescued it, the U.K. Financial Services Authority may say in a report tomorrow, the Independent on Sunday said.

The FSA will publish its review into the bank’s near collapse tomorrow, the newspaper said, without specifying where it got the information. The regulatory agency is expected to question incentives for advisers whose fees depend on arrangements such as RBS’s 49 billion pound ($76.8 billion) takeover of ABN Amro Holding NV, the Independent reported.

To contact the reporter on this story: Tony C. Dreibus in London at tdreibus@bloomberg.net.

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

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