Royal Bank of Scotland: Small Businesses
(asked on 26th February 2018) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether the Government plans to respond to the findings of the Financial Conduct Authority report on RBS treatment of small businesses recently published by the Treasury Select Committee.
This question was answered on 1st March 2018
The investigation into the Royal Bank of Scotland’s (RBS) treatment of small and medium-sized enterprise customers transferred to its Global Restructuring Group is a matter for the Financial Conduct Authority (FCA), which is operationally independent of Government.
It would not be appropriate for the Government to comment further while the FCA’s investigation is ongoing.