Eighth Report - SME Finance

Select Committee
Treasury Committee HC 27 8 May 2024
Report Status Government responded
Conclusions & Recommendations 22 items (5 recs)
Source View on Parliament website
Government Response (AI assessment · 22 of 22 classified)
Accepted 5
Acknowledged 10
Deferred 6
Not Addressed 1
Clear

Recommendations

0 results

No recommendations found matching the selected filters. Clear filters

7 Conclusion Not Addressed
Para 59
There is no clear evidence that the seven participating banks control the BBRS on an operational level. However, the structure and remit of the BBRS were determined with their consent. Dispute resolution must be independent, and perhaps as importantly, be seen to be independent of the financial services industry. Despite …
Government Response Summary
The government notes the committee's conclusion regarding the Business Banking Resolution Service's (BBRS) perceived lack of independence, and states that the BBRS will close to new registrations on 13 December 2024, with its future being a matter for the BBRS itself.
View Details