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Statement following today's announcements by HM Treasury and Royal Bank of Scotland
The Bank of England, as prudential supervisor of RBS, welcomes the development of a more focussed strategy for RBS and the commitments of the Board to specific actions that will bolster its capital position in the next three years.
Published on
01 November 2013
These actions should create a more resilient institution that is better able to support the real economy without any expectation of further support. Given these developments, the Bank of England fully supports the conclusions of the Review published today by HM Treasury.
Press release