The Serious Fraud Office later confirmed it was in talks with the FSA about the case.
But it also points out that neither RBS nor the FSA were operating in a vacuum.
He stopped short of saying the FSA would - or could - ban the products.
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The FSA now says approval has been withdrawn over hygiene standards, which the company is disputing.
In 2007, he became deputy chairman of the FSA following his resignation from HBOS in 2006.
They said the training did nothing to increase the FSA's abilities on the ground.
The FSA has said it would contest the BBA's call for a judicial review.
The FSA said tests in the area had revealed "consistently high levels of E. coli".
The FSA has said these accounts can prove to be a good deal for some people.
The FSA said its investigation at Red Lion was mainly into inconsistencies with English-issued horse passports.
In its corporate strategy the FSA has set itself six "outcomes" to deliver by 2015.
In March 2001, the FSA reminded advisers to give clear risk warnings about making such investments.
Mr McCurdy said the FSA could not police every aspect of the food industry.
The streamlined process will make it cheaper to apply for a banking license, the FSA said.
RBS's board will not wait for an instruction from the FSA to change personnel.
The FSA said it was "highly likely" criminal activity was to blame for the contamination.
The FSA's probe also relates to a debt sale by Barclays the following year.
Gerry McCurdy of the FSA said there was "definitely now the potential" of fraudulent activity.
The information will form part of the FSA's wider investigation to establish how the contamination happened.
In addition, payments to nearly 25, 000 customers "inadvertently dropped out of the process", the FSA said.
The FSA originally launched the comparison tables last October to help people make better investment decisions.
The FSA was given statutory powers to intervene in the panel's regulation of takeovers.
The FSA has ordered UK firms to test all processed beef foods to verify the ingredients.
The FSA tested almost 80, 000 samples of food last year, he told the BBC.
They say that if there was a breach of the FSA's rules, it was an oversight.
The FSA said securities investigators have been probing 120 cases involving AIJ clients since January.
The FSA estimates that less than 1% of all meat produced in the UK is kosher.
The FSA has found that 28, 000 of these products were sold to small businesses since 2001.
Craig Kirby, of the FSA, said he was "deeply shocked" after seeing the pictures.
BBC: Nantwich horse abattoir investigation after secret film
Libya and the United Arab Emirates, both keen backers of the FSA, have them.
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