Tyrie: FSA's failure to stop ABN deal should not rule out Turner Mr Tyried denied the criticisms made Lord Turner a "poor candidate" for the BoE job, adding: "I think Lord Turner himself said that he should have grasped the need for a much more substantive public explanation than a one-page news release when they decided that no enforcement action was needed against RBS. RBS's acquisition of ABN Amro left the bank heavily exposed to sub-prime debt, becoming a major cause of its demise. The Treasury Select Committee report slammed the FSA for its "serious misjudgment" of the danger the £50bn deal presented to RBS and the entire British banking system. Mr Tyrie said he believed that the culture of the City was now changing in such a way that a repeat of the RBS debacle is less likely. "I think the banks have got the message and the mood has changed fundamentally," he said. I think the financial community as a whole in Britain has got the message and a lot is changing right now. There is a change in culture taking place. It needs a further nudge or two and a recognition by regulators that their job is not just to make sure things look pretty in the regulatory garden and go off for dinner. Their job is to be thinking extremely hard about where the risk really lies in these institutions.