Political Support: MPs, All Party Parliamentary Group, Treasury Select Committee
Much of the progress so far has been as a result of MPs’ involvement. By engaging with their MPs, Bully-Banks members were highly influential in getting the issue of IRHP mis-selling addressed by the FCA.
What is the APPG?
The All Party Parliamentary Group on Fair Business Banking is a cross-party group of back-bench MPs who have come together under the chairmanship of Guto Bebb (the MP for Aberconwy). Their aim is to prompt solutions to the problems created by bank misconduct towards SMEs. The remit of the APPG has expanded from the original APPG in the last Parliament entitled the APPG on Interest Rate Swap Mis-selling. The membership currently stands at 107 and is growing.
Treasury Select Committee
The Treasury Select Committee (TSC) is a cross-party group of MPs who have the ability to hold the Treasury, HMRC, Bank of England and Financial Conduct Authority (FCA) to account.