The APPG is currently taking legal action challenging the FCA’s decision not to act on John Swift QC’s findings that the IRHP Redress Scheme adopted flawed eligibility criteria.

The Business Banking Resolution Service (‘BBRS’) has suffered a crisis of leadership and confidence, with the resignation of the Chair of the SME Liaison Panel established to represent the interests of small businesses who allege mistreatment by banks, followed by the allegedly ultra vires announcement by the BBRS that it intends to abolish the Panel he led.

We are delighted to have published our new report, Building a Framework for Compensation and Redress. The report makes key recommendations and sets out the key building blocks of a fair compensation scheme. We hope this can act as a guide for future schemes.

Throughout months of engagement with Lloyds Banking Group, the Foskett Panel and the SME Alliance to improve the customer experience of the Re-Review Process, we pushed to make it clear that many victims of the HBOS Reading fraud simply cannot continue to wait any longer for compensation, having already waited 15 years.