The Business Secretary has denied any suggestion of interfering with the legal process in connection with the collapse of Royal Bank of Scotland (RBS).
Vince Cable was speaking to Sky News after it emerged he had written to prosecutors urging a decision "as quickly as possible" about potential action against the directors of RBS at the time of its taxpayer rescue in 2008.
The matter was referred to Scottish prosecuting authority the Crown Office and Procurator Fiscal Service in January 2012 following a damning report into the bank by the Financial Services Authority (FSA).
The report found that RBS was brought to its knees by "multiple poor decisions" and a £50bn "gamble" on buying Dutch bank ABN Amro, sparking the £45bn taxpayer rescue of RBS
Former directors of RBS could face criminal charges over its 2008 failure In his letter to Advocate General Lord Wallace - a fellow Liberal Democrat politician - Mr Cable asked for an update on the progress of the case but insisted he was "not seeking to influence the outcome" of the legal process.
He said: "I am very keen for a decision to be reached as quickly as possible in order to maintain public confidence in the efficiency of the decision-making process.
"I am fully aware that the decision whether or not to prosecute rests with the Crown Office and Procurator Fiscal Service as the relevant independent prosecuting authority.
Mr Cable requested likely time frames for a decision but said his intervention did not amount to interference, insisting it was "right to reassure the public that this matter is still being pursued."
Former RBS boss Fred Goodwin lost his knighthood in 2012 While no-one has ever faced criminal prosecution over the collapse of RBS, a civil case was launched by shareholders last month.
The group of more than 12,000 individual and institutional investors claim they were misled by directors over the RBS £12bn rights issue in April 2008, which preceded the bailout.
The group, which also named four former directors including ex-chief executive Fred Goodwin in the suit, said their final claim against the bank could potentially be worth up to £4bn.
Mr Goodwin was stripped of his knighthood last year in what was seen as a political concession to public anger over the bank's demise.
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