The decision of the Financial Services Authority (FSA) not to publish a report into the Royal Bank of Scotland attracted widespread criticism in the national press. As a result of this criticism the FSA have now announced that a report will be published in March 2011. This article seeks to compare this initial reluctance to publish with the publication of the Valukas Report earlier this year into the collapse of Lehman Brothers. Whilst this article acknowledges that Lehmans and RBS were very different events and the remit of the investigations differed significantly; it argues the demonstrable benefits from a published analysis of the failures in RBS make the change of heart by the FSA highly welcome.
Business Law Review