APPG on Fairer Business Banking Statement Updates
The APPG on Fair Business Banking is delighted that the Treasury Select Committee has been given an opportunity to inspect a full copy of the Promontory Section 166 report into RBS Group’s mistreatment of SME customers. Clearly the right course of action remains to publish the report in full as soon as possible. All of those SMEs and entrepreneurs affected by this issue deserve nothing less. In the meantime, following the statement in the House today by Clive Lewis, Shadow Treasury Minister, that there has been an attempt to “sanitise” Promontory’s findings in the summaries released so far, it isRead more
PROPOSED MEASURES WILL NOT SOLVE THE CRISIS IN DISPUTE RESOLUTION All options must remain on the table, including legislation The APPG on Fair Business Banking has for years been leading the call for an independent, quasi-judicial dispute resolution system between businesses and banks. The current proposals by the FCA will not solve the current crisis, nor will its sole implementation provide adequate solutions for the resolution and restitution required to move on from the current crisis. Andrew Bailey has already stated, and this consultation makes clear, these are a series of measures that the FCA has identified based on whatRead more
The Chair of the APPG on Fair Business Banking, Clive Lewis MP, took the decision today to pull our main chamber debate earlier today. Due to the last-minute tabling of the very worthy debate on the ongoing issues in Yemen, the time left available for our debate would not have been sufficient to do justice to our very important cause. Via a Point of Order he raised with the Deputy Speaker concern the debate on RBS GRG would be given little more than thirty minutes, insufficient time given this is an extremely pressing issue. As such he requestedRead more
The APPG on Fair Business Banking has for years been leading the call for an independent, judicial dispute resolution system between businesses and banks. Over the last 18 months we have managed to secure agreement that this gap needs to be filled. What is required is a robust and independent body that can serve the needs of our business community, not the cheap political win that some are promoting. We are delighted to have secured a debate in the main chamber on 30 November on creating an accessible, independent and transparent process to fillet out genuine claims and settle themRead more
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