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Sir Fred was on radar as early as 2003

CITY regulators identified Sir Fred Goodwin's "perceived dominance" and "challenging management culture" as key risks to Royal Bank of Scotland as early as 2003, the chairman of the Financial Services Authority said.

liability: Sir Fred Goodwin's 'assertive style' was flagged up as a risk by the FSA. Picture: Gordon Terris
liability: Sir Fred Goodwin's 'assertive style' was flagged up as a risk by the FSA. Picture: Gordon Terris
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TIM SHARP CITY EDITOR

But Lord Adair Turner, speaking as he unveiled a long-awaited report into the bank's collapse, admitted the FSA was "not as tenacious as we should have been" in pursuing change at the institution in the years before the Government bailout.

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