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Lord Foulkes claims RBS non-execs pressured into silence

Labour peer Lord George Foulkes has written to the FSA claiming that three non-executive directors of the Royal Bank of Scotland were pressured to keep their concerns about the bank quiet.

FSA chairman Lord Adair Turner, speaking on The Andrew Marr Show, said he has received the letter and is investigating the allegations.

He said: “Well I have received the letter from Lord Foulkes. With any letter like that, we will look at the issues.

“What would be most concerning in relation to between an executive and the non-executives would be if there was not the appropriate provision of information that enabled non-executives to perform their roles. There is a duty on the executive to make sure that there are flows of information to the non-executives, so they are being given the data, the information on which they can perform their function.”


Stellar needs space

The ungeared income fund from Stellar aims to target an annual income of 6 per cent from a portfolio of self-storage space facilities across the Midlands and North-west.

Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.


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