Stein lambasted the agency for granting the bank a waiver, saying too often such requests are rubber-stamped and perpetuate a problem of banks being "too big to bar." Requests by Deutsche Bank , the Royal Bank of Scotland ( RBS ) , and UBS to allow them to continue managing retirement plans for clients , despite pleading guilty in the Libor scandal , are expected to be denied by the US Labor Department due to the banks ' failure to demonstrate that the decision would actually be in the interest of the the clients . As we noted a few years ago , there has been increased pressure on US regulators to scrutinise more carefully regulatory actions that are sought by big banks that break the law .
Requests by Deutsche Bank , the Royal Bank of Scotland ( RBS ) , and UBS to allow them to continue managing retirement plans for clients , despite pleading guilty in the Libor scandal , are expected to be denied by the US Labor Department due to the banks ' failure to demonstrate that the decision would actually be in the interest of the the clients . As we noted a few years ago , there has been increased pressure on US regulators to scrutinise more carefully regulatory actions that are sought by big banks that break the law .