There was a very interesting meeting in Westminster yesterday. It was a preliminary discussion about a proposal from Richard Samuel and Jeffrey Golden, both of 3 Hare Court Chambers, to consider a Tribunal system to resolve SME issues with banks. The meeting was chaired by Calum Kerr MP and Heather Buchanan. Heather and her team did a brilliant job of organising the meeting and there were some very interesting attendees.
This was an important meeting for SME Alliance because it gave us the opportunity to tell MPs, Peers, lawyers, barristers, academics, representatives of the Ministry of Justice and others, exactly what happens when banks abuse our sector. Yet again and as with our audience at the Symposium, people came up to me after the meeting and said how shocked they were at how badly some SMEs have been treated.
We came away feeling the meeting and the discussion were very positive. It's very early days but this is something we are keen to be involved with because, in lots of way the Tribunal idea is a progression of our FOS+ idea. I will keep everyone updated on what happens next.
I was really pleased to be able to give a short speech on behalf of our members which is posted below.