Britain may refuse to produce RBS Libor documents, Canada argues

(Reuters) – Britain cannot be relied on to force Royal Bank of Scotland Group Plc (RBS.L) to give Canadian authorities documents on alleged interest rate rigging, because the British government is RBS’s majority shareholder, Canada’s Competition Bureau argued this month.

An affidavit filed by Canadian lawyer on behalf of the Competition Bureau was the latest salvo in a sometimes nasty battle between the bureau and RBS over whether the bureau can compel the British banking group’s Canadian subsidiary to hand over potentially damning records held at RBS’s head office or elsewhere outside Canada.

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