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
Government response
First Special Report - SME Finance: Government Response · published 12 Dec 2024
Read the government response ↗ Response on the tracker
Clear

Recommendations & Conclusions

1 results
7 Conclusion Not Addressed
Para 59
Business Banking Resolution Service lacks perceived independence from the financial industry
Conclusion
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 … Read more
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.
HM Treasury
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