Issuance of US Consent Order

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'Connor
Head of Investor Relations
[phone]

Media Relations
Tel: [phone]

 

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