MP’s call for a tribunal to bring misbehaving banks to justice

Regulatory Updates | 23/11/18

A cross-bench group of MPs is gaining traction in its fight for a financial services tribunal that would bring misbehaving banks to justice, ahead of a key meeting with the chancellor this week.

Tory MP and co-chair of the all party parliamentary group (APPG) on fair business banking, Kevin Hollinrake, is expected to meet Philip Hammond on Wednesday to exert more pressure on behalf of small business customers who say they have been wronged by UK lenders. TSB bolstered Hollinrake’s proposals last week by submitting a letter of support for the tribunal.