With the release of the RBS GRG Section 166 report into the public domain, we must once again ask ourselves, when do we say enough is enough? Following on from our debate on 18 January 2018, which set in motion the chain of events that led to the publication of the report, the APPG on Fair Business Banking is once again calling for an industry-wide inquiry that covers the full matrix of financial institutions and their professional advisors. We also reiterate the need for an appropriate, independent system for dispute resolution and redress. In the meantime, we call for all

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 is

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 what