WASHINGTON, April 28 A top U.S. regulator on
Monday slammed her agency for failing to revoke certain
regulatory privileges afforded to the Royal Bank of Scotland
Group Plc following a criminal plea deal by one of its
units over manipulation of the Libor benchmark interest rate.
In a scathing statement, U.S. Securities and Exchange
Commission member Kara Stein lambasted the regulator for
routinely permitting publicly traded companies that break the
law to keep taking advantage of regulatory benefits that help
them more easily raise capital.
(Reporting by Sarah N. Lynch)