As some of you may already be well aware, the long awaited Parliamentary RBS GRG Debate is to be held on the 18th of January 2018 at 11:00am in the Main Chamber in Parliament. The debate will involve the APPG on Fair Business Banking and will discuss '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 of regulators, parliament and government; and calls for an independent inquiry into practices in respect of the treatment of SMEs and the protections afforded them, and the rapid establishment of a tribunal system to effectively deal with financial disputes for businesses."
Director of Policy and Strategy
APPG on Fair Business Banking
Members affected by this or indeed by misconduct from any Bank or financial institution, are encouraged to contact their MP's and ask them to support and attend the debate. I know many members will be attending and we look forward to seeing you on the day in the Public Gallery.
SME Alliance will then be holding our own meeting in Parliament in Room 14 from 3.00pm to 5.00pm. I'll be sending out an email with further information on this with an agenda within the next week or so but if you think you would like to attend this meeting, please could you send me a quick confirmation email as we will be holding a networking session after the meeting, location TBC but it gives me a good idea of numbers in advance.
All our members are encouraged to contribute to the SME Alliance weekly blog.