THREAD: natwest ceo
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NATWEST CEO Falls: ICO Rules Against Dame Alison Rose, NO More Actions Planned
— The Information Commissioners Office (ICO) has ruled against former NatWest CEO, Dame Alison Rose. She was found to have breached data laws in her dealings with Brexit leader Nigel Farage. However, since Rose has already stepped down from her role, the ICO plans no further action.
Rose twice broke data laws by sharing the bank’s decision to debank Farage with a reporter. She revealed sensitive personal financial details about Farage and gave misleading information about why his account was closed.
According to the ICO report, these actions violated Farage’s rights. But as Rose has resigned and NatWest is conducting its own investigation, the ICO doesn’t plan any additional regulatory action at this time.
Despite potential hefty payouts from NatWest in coming years, critics believe it would be inappropriate to reward Rose with a large sum due to her violations of Financial Conduct Authority code and data laws.
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