Apology: Former Natwest boss Alison Rose
The UK’s data watchdog has apologised to former NatWest boss Alison Rose after admitting it was ‘incorrect’ to imply she breached data protection laws by discussing the details of the bank’s relationship with Nigel Farage.
The Information Commissioner’s Office (ICO) last month appeared to suggest in a report that Rose broke the rules by confirming that former Ukip leader Farage had accounts with Coutts, NatWest’s private banking arm, to a BBC journalist.
But the regulator said two days later it would review its findings ‘as a matter of urgency’.
The watchdog acknowledged it ‘did not investigate a complaint against Ms Rose’ and did not give her an opportunity to comment on the ruling.
This was followed by a humiliating admission yesterday when the ICO said it was ‘incorrect’ for it to have suggested that the ex-banking boss had breached data protection rules.
A spokesman stressed that its investigation had been solely focused on NatWest itself as a ‘data controller’.
In a statement, the ICO said: ‘Our comments gave the impression that we had investigated the actions of Alison Rose, the former chief executive of NatWest Group. This was incorrect.
‘We confirm that we did not investigate Ms Rose’s actions, given that NatWest was the data controller under investigation.
Our investigation did not find that Ms Rose breached data protection law and we regret that our statement gave the impression that she did.’
The admission is a boost for Rose, who resigned in July in the wake of the scandal.
The 54-year-old is awaiting a decision by the NatWest board on whether to withhold part of her £10million pay packet which includes share awards and bonuses.
Victoria Scholar, an analyst at Interactive Investor, said: ‘Although the Farage de-banking row caused the bank’s former chief executive major reputational damage and cost Rose her job, the latest twist in the saga could help her financially, by potentially saving her at least part of her £10million pay package.
‘The ICO said its investigation did not find that she breached data protection law, a factor that’s likely to be considered when it comes to her remuneration.’
A spokesman for Rose declined to comment yesterday.
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