Bank directors could be forced to prove their innocence in the event that a major lender collapses, the City regulator will say next week.
Insight into the conclusions of the Financial Services Authority's (FSA's) two-and-a-half year inquiry into the failure of Royal Bank of Scotland (RBS), which will be published on Monday.
The report will say that regulators should also be given greater powers to block hostile bank takeovers in order to avoid a future crisis like the one that forced RBS into a £45bn taxpayer bailout in 2008.
The FSA's conclusions, which include a coruscating account of its own supervision of RBS, amount to the first full inquiry into the near-collapse of one of Britain's big banks. Source