Conduct and competition in SME lending report published by the Treasury select committee

Some of the key conclusions and recommendations contained in the report include:

1. Mis-sale of Hedging Products and the FCA’s IRHP review

2. Tailored Business Loans and Clydesdale Bank

3. Competition

4. The role of the regulators  

5. RBS and GRG

  
Andrew Tyrie MP - Chairman of the committee

Getting the issue of assset based lending heard by the committee was our objective and that achieved.

This parliament was about information - the next Parliament is about changing the regulatory frame work - which the PRA has been very helpful to this campaign.

The Prudential Regulation Authority (PRA) is a part of the Bank of England and responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms. It sets standards and supervises financial institutions at the level of the individual firm.

For the full report: http://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/news/sme-lending1/