RBS warns of rise in misconduct costs in 2015

Bank expects biggest hit from RMBS investigations


Royal Bank of Scotland has flagged a possible rise in litigation costs, although it expects to settle the bulk of them this year, enabling the bank to return excess capital to shareholders and the government to start selling its majority stake.

RBS said on February 26 that litigation and conduct costs, including provisions, fell to £2.2 billion ($3.4 billion) last year but warned that the charges could be "materially higher" in 2015. The biggest hit is likely to come from any settlements over

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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