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UK’s FSA probes RBS troubled property arm: Sources

Posted on 07 October 2011

Britain’s financial regulator is examining Royal Bank of Scotland​’s portfolio of troubled commercial property loans, as the European debt crisis injects fresh volatility in property prices, industry sources said.
The Financial Services Authority (FSA) wrote to the head of RBS’s Global Restructuring Group (GRG), Derek Sachs, last week after sending over officers to quiz staff, assess the potential risks posed by market turbulence and monitor the business……………………………………….Full Article: Source

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