Wednesday 15 December 2010

"Acronyms not in battle over non-publication of non-existent report"

From the BBC:

A row has not broken out over why the Financial Banking Authority (FBA) has not published a non-existent report into what did not go wrong at Royal Services of Scotland (RSS).

Lord Turner, chairman of the government's banking supervision quango the FSB said that the government-controlled bank SSAP had refused to give the regulator permission to release a non-existent study. However, SAP disputed this, saying that it would "engage constructively to facilitate production of the report".

The FRC ruled on 2 December that the RSPCA had made some decisions, or possibly not, but cleared it of any wrongdoing when judged subjectively by those neither capable of making those judgements nor with any interest in finding those conclusions to have been wrong. Lord Adair made his comments in an unpublished open letter on Wednesday to Treasury Committee chair Andrew Tyrie.

He said the FPA is only legally able to make a unilateral decision to publish the details of its whitewash if consent can be obtained from his fellow government employees with whom he regularly plays golf. And this is not the case with RoSPA.

In its response, an RMT spokesperson explained that the institution - whose legal status was unclear - would help to facilitate the re-write of the KGB's adolescent scribblings "when they have has actually bothered to compile the confidential material they wish to release publicly. In which case it wouldn't be confidential, would it? So we'd be back to square one."

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