APPG on Fair Business Banking Statement Updates
Statement on postponement of debate - 30 November 2017
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 requested
Read moreStatement on 30 November debate - 22 November 2017
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 them
Read moreStatement on Treasury Select Committee hearing with the FCA - 31 October 2017
The APPG on Fair Business Banking and Finance welcomes the announcement by Andrew Bailey in front of the Treasury Select Committee that a consultation into access to dispute resolution and redress for businesses will be launched. The APPG has been calling for such a system for two years now, and are in the midst of an Inquiry, with results due to be published in the first quarter of next year. An accessible, independent and transparent process to fillet out genuine claims and settle them fairly is essential to restore confidence in UK banks lending to SMEs – a sector that
Read morePresentation of Motion to Backbench Business Committee - 31 October 2017
The treatment of SMEs by RBS’ GRG and how does the current system fail to protect businesses?</ That this House is appalled at the conduct that has recently been exposed concerning the treatment of small and medium-sized enterprises (SMEs) by the Global Restructuring Group (GRG) unit of the Royal Bank of Scotland (RBS); notes that there are wider allegations of malpractice in financial services and related industries; believes that this indicates a systemic failure to effectively protect businesses, which has resulted in financial scandals costing tens of billions of pounds; believes that the solution requires the collective and collaborative effort
Read moreDoes Mr McEwan embody how RBS still views its customers? - 16 October 2017
At a recent UK Finance event Alison Rose was at pains to stress the need for substantial rebuilding of reputation and relationships incumbent on RBS. However, Mr McEwan’s comments seem like a throwback to what we hope is the past – of customers as legitimate prey who can simply been invited to sue if things go wrong. In any event it is a spectacular own goal, scored from the vantage point of a taxpayer funded ivory tower. Co-chair Lord Cromwell says: “Mr McEwan’s outburst exemplifies what is so wrong with the aggressive and heavy-handed RBS approach to its customers. For
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