RBS 2015 Annual Report Download - page 30

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306
FX
672
Other
customer
redress(2)
IRHP
149
PPI
996
Regulatory
and
Legal(1)
3,985
Litigation and conduct provision: £6.1bn, as at
December 2015
End of Q4 2015 provisions (£m)
Litigation and conduct
(1) Includes Other regulatory provisions and Litigation as per the Annual Results 2015 p.47(note 3)
(2) Closing provision primarily relates to investment advice and packaged accounts
Comments
US RMBS
Total provisions to US RMBS litigation increased in Q4 2015
by £1.5bn from £2.3bn to £3.8bn, further substantial
provisions may be required
These provisions do not include potential penalties and
compensatory damages imposed by US DoJ and various
State Attorneys General, which may be substantial
FX and other
market related
investigations
and claims
Remain in discussions with various Governmental and
Regulatory Authorities
UK class
action lawsuit
over 2008
capital raising
Trial of preliminary issues scheduled to commence in Q1
2017
Various UK
customer
redress issues
Includes:
PPI: further Q4 2015 provision of £0.5bn taken for PPI to
deal with time barring and the implications of the Plevin
judgement
FCA SME
treatment
review
Fully co-operating with the ongoing FCA review
Timing of initial findings not confirmed, but may be during H1
2016
22