The City watchdog has been accused of "serious misjudgment" in its failure to step in and block Royal Bank of Scotland's disastrous takeover of Dutch rival ABM Amro.
A report by MPs on the Treasury Select Committee slammed the Financial Services Authority (FSA) for the part it played in the failure of RBS, which saw the taxpayer stump up £45.5 billion to prevent it from collapse.
The committee said the FSA's biggest fault was not intervening to stop the "calamitous" near-£50 billion ABN takeover and is urging the Government to legislate to ensure the regulator is explicitly required to approve major bank acquisitions to prevent a repeat of the fateful deal.
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It is alleged Mourinho was helped by his advisers to avoid paying tax on earnings from the use of his image rights for product endorsement.
Somewhat ironically, the Prime Minister's plans were leaked to The Mail on Sunday just days after they were issued.
Tonight it is set to become quite clear with a patchy frost in places. The breeze will keep much of the fog at bay.