Documents to download

This Westminster Hall debate is the latest in a series of debates linked to the treatment of companies referred to the Global Restructuring Group – a division of the Royal Bank of Scotland. The GRG dealt with companies in financial difficulty.

Many of these companies felt they were treated badly and their businesses suffered, often fatal consequneces, at the hands of the bank which, they argued, had conflicting incentives.

There have been several enquiries into what happened, and the Report of the FCA’s ‘skilled person’ was published by the Treasury Committee in February 2018.  It included several possible remedies.  It is likely that some of these will form part of the debate.

Documents to download

Related posts

  • Credit unions

    While credit unions play prominent roles in financial sectors across the Anglosphere and in Northern Ireland, in Great Britain penetration is low. This briefing looks at the reasons why and legislative efforts to make credit unions more popular.

    Credit unions

  • Ownership of the water sector

    The water industry in England and Wales is in private ownership. However, following examples of poor environmental performance and high levels of accrued debt, many campaigners have called for the industry to be brought back into public ownership. This briefing presents different perspectives and debate on ownership of the water sector.

    Ownership of the water sector