Government owned Royal Bank of Scotland has parachuted in Aviva group
financial director Philip Scott as a non-exec with responsibility for risk.
The troubled banking group will appoint Scott as chairman of the risk
committee, in accordance with recommendations from the Walker report. It also
appointed former Coca-Cola executive Penny Hughes as another NED, who will
eventually take over the chair of the remuneration committee.
RBS chairman Philip Hampton, said Scott was the right choice for the role due
to his “wide ranging experience of financial services and risk management,
including previous responsibility for Aviva’s continental European and
international life and long-term savings businesses”.
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Does Darwin's theory apply to taxation? Colin ponders...
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges