RBS insurance units slapped with £2.2mn FSA fine
Royal Bank of Scotland (RBS)'s newly formed insurance unit has been slapped with a £2.2mn fine by UK regulator the Financial Services Authority (FSA) for failing to prevent documents that were submitted to the regulator from being improperly altered.
The fine relates to Direct Line Insurance and Churchill Insurance Company, two of RBS's market-leading personal lines insurers that were recently consolidated along with the bank's other insurance operations into UK Insurance Limited.
In April 2010, the FSA requested 50 files...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
