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<p>In November 2013, RBS established RBS Capital Resolution (RCR), an internal bad
bank, in order to separate and wind down RBS’s poorly-performing and high-risk assets.
RBS transferred £38 billion of ‘high-risk’ legacy assets to RCR. RCR is managed separately
from the main bank, and the aim is to wind down these assets in full within three
years. As a result, there is not any intention to transfer additional assets in or
out of RCR.</p><p> </p><p>Further details on the operations, objectives and composition
of loans in RCR can be found in the Government’s Bad Bank Review available at:</p><p>
</p><p>https://www.gov.uk/government/publications/rbs-and-the-case-for-a-bad-bank-the-governments-review</p><p>
</p><p>RBS also produces detailed reporting updates on the progress of RCR alongside
its financial results, which are available on the RBS website.</p><p> </p><p> </p><p>
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