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Issuance of US Consent Order

27th Jul 2011 16:18

RNS Number : 2093L
Royal Bank of Scotland Group PLC
27 July 2011
 

The Royal Bank of Scotland Group plc

 

27 July 2011

 

 

Issuance of US Consent Order

 

RBS Group plc notes that it has agreed to the issuance of a Consent Order by US bank regulators relating to deficiencies identified last year in certain of its governance, risk management and compliance systems and controls in the United States.

 

"We set and expect higher standards than those that resulted in this Order. RBS is well advanced in addressing the deficiencies noted by the US banking authorities and in continuing to upgrade our governance and compliance systems throughout the Group," said RBS Chief Executive, Stephen Hester.

 

Richard O'ConnorHead of Investor Relations+44 (0) 20 7672 1758

 

Media RelationsTel: +44 (0) 131 626 3997

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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