3rd Report - Royal Bank of Scotland branch closures
- HC No.
- HC 682
- Published
- 27 May 2018
- Items
- 0
- Government response
- Government response published 7 September 2018. Read the government's response ↗
Select committee: Scottish Affairs Committee
RBS branch closures inquiry
Closed
Opened 13 Dec 2017
Closed 13 Dec 2017
Scottish Affairs Committee Inquiry on parliament.uk ↗
Inquiry scope (the committee's words)
The Committee is to hold a one off session on planned closures to Royal Bank of Scotland branches in Scotland. The session will hear from Senior RBS Executives about their plans to close 62 branches across Scotland. The Committee will also take evidence from the Union and Scottish Rural Action on the likely impact of the closures on local communities and staff, as well as the Post Office on the banking services offered by their network.
Where it stands
The inquiry is closed, opened 13 December 2017.
The committee has published 1 report, most recently 3rd Report - Royal Bank of Scotland branch closures on 27 May 2018.
The government's response
Published 7 September 2018.
Summary written by Accountability Index from the government's response. It is not the government's own words.The government disagrees with the recommendation to pressure RBS over its closure programme, partly agrees on monitoring the Lending Standards Board, and strongly agrees on raising awareness of Post Office banking.
- On using its majority shareholding to press RBS to reconsider closures, it says it "disagrees", stating that it "would be inappropriate for Government to seek to influence the day-to-day management of the bank branch network".
- It "partly agrees" on monitoring the Lending Standards Board and "will continue to monitor" the Access to Banking Standard and LSB oversight of it.
- It does not "believe there is a case for introducing a scheme of statutory regulation", saying commercial firms are best placed to make commercial decisions.
- It "strongly agrees" on improving awareness of Post Office bank services. The Post Office and UK Finance "plan to launch these activities in the Autumn of this year", and the government will monitor them "very closely".
Reports
All reportsEvidence
- 2 oral evidence sessionsLatest 8 May 2018
Recent activity
- 3rd Special Report - Royal Bank of Scotland branch closures: Government Response to the Committee’s Third Report7 September 2018, Report published
- 3rd Report - Royal Bank of Scotland branch closures27 May 2018, Report published
- Letter to the Chair from Ross McEwan: follow-up on 8 May evidence session, 21 May 201822 May 2018, Correspondence
Reports
Oral evidence sessions
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Correspondence
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| Published | Direction | Letter |
|---|---|---|
| 22 May 2018 | From committee | Letter to the Chair from Ross McEwan: follow-up on 8 May evidence session, 21 May 2018 |
| 17 May 2018 | From committee | Letter to the Chair from Ross McEwan on online customer targets, 16 May 2018 |
| 15 May 2018 | To committee | Letter from Chair to Ross McEwan regarding online customer targets, 14 May 2018 |
| 8 Jan 2018 | From committee | Letter to the Economic Secretary to the Treasury from the Chair on RBS bank closures, 20 December 2017 |
| 8 Jan 2018 | From committee | Letter to the Chair from the Economic Secretary to the Treasury on RBS bank closures, 19 December 2017 |