Question to the HM Treasury:

To ask Her Majesty's Government what representations they have made, if any, to Banking Competition Remedies Limited in connection with its awards to banks in general, and Metro Bank in particular.

Banking Competition Remedies (BCR) is the independent body established to implement the Royal Bank of Scotland (RBS) funded Alternative Remedies Package (the Package). BCR has sole responsibility for Package implementation, including responsibility for decisions on Capability and Innovation Fund (CIF) awards.

Firm supervision is a matter for the independent regulators, in this case, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) which jointly regulate Metro Bank.