By Daily Mail Reporter Updated: 12:07 EST, 12 December 2011 RBS repeatedly ignored warnings about Sir Fred Goodwin's 'assertive and robust' management style from as early as 2003, the FSA said today. The regulator raised concerns about chief executive dominance during its meetings with the bank's chairman over the following three years. But the FSA was assured that the rest of the board provided an adequate challenge to Sir Fred, nicknamed 'Fred the Shred', who now enjoys a pension worth £342,500 a year. Sir Fred Goodwin, former chief executive of RBS, had boasted of catapulting his bank 'to the top of the premier league' before its failure
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Financial Services Authority’s 500-page report published today
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Blames reliance on risky short-term funding and inadequate due diligence on RBS downfall
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Management under former chief exec 'Fred the Shred' also criticised
However, it confirms that the FSA does not intend to pursue any new enforcement action against any of @placeholder's former directors.