The report shone a light on the poor relations between the FSA and RBS and said chief executive Fred Goodwin's "assertive and robust" management style was flagged as a potential risk as early as 2003, four years before the disastrous ABN Amro deal.
But it recognised some viewers "were unlikely to have expected Jeremy Paxman's typically robust and confrontational interviewing style to extend to the use of the terms 'religious hogwash' and 'stupid people'".