Andrew Bailey, CEO of the Financial Conduct Authority (FCA), fronts the Treasury Select Committee (TSC) 10am on Tuesday to account for the City regulator's recent performance. Top of the list of questions for TSC MPs will undoubtedly be the RBS Global Restructuring Group (GRG) scandal, including how the financial regulator has dealt with GRG victims complaints and the delayed RBS GRG s166 report, first commissioned in 2014. An initial summary report, ignoring senior RBS managers' roles, was released last week. The MPs ought to ask Andrew Bailey more fundamental questions. Why is the FCA’s Head of Retail Banking Supervision informing... [continues]