On Monday 18 September, the European Commission approved the solution proposed by the British authorities as an alternative to the commitment for Royal Bank of Scotland (RBS) to sell Williams & Glyn.
The decision follows the agreement in principle concluded on 26 July of this year between the Commission and the British authorities. Having refused to sell Williams & Glyn on 17 February, the British government put new measures to the Commission to prevent competition distortions on the market...