Competition in the provision of SME finance
The RBS Alternative Remedies Package
Innovation and alternative finance
The rise of alternative finance
3 Misconduct and regulation in SME banking
Past misconduct in SME banking
RBS Global Restructuring Group (GRG)
Awareness of the lack of regulatory protection
Past consideration of SME lending regulation
Should SMEs be expected to “fend for themselves”?
The Government’s position on the regulation of SME lending
Voluntary codes and the Senior Managers and Certification Regime
Conclusions and Recommendations
The Financial Ombudsman Service
The ability of SMEs to access the Ombudsman
FOS effectiveness and its ability to take on an expanded role
Voluntary redress schemes for SMEs
Limitations on the FCA’s powers
The case for a Financial Services Tribunal
Conclusions and recommendations
Conclusions and recommendations
List of Reports from the Committee during the current Parliament
Published: 26 October 2018