Select Committee · Treasury Committee

RBS's Global Restructuring Group and its treatment of SMEs inquiry

Status: Closed Opened: 10 Jan 2018 Closed: 10 Jan 2018

Inquiry scope

Global Restructuring Group, or GRG, was a business support unit at RBS that operated between 2008 and 2014.The Committee has longstanding concerns about the treatment of small businesses referred to GRG. It has pressed for the disclosure of the results of a review commissioned by the regulator, the Financial Conduct Authority. And it has sought additional evidence from RBS. The Committee will continue its work bringing transparency to this issue by holding a one-off evidence session with the authors of the review—Promontory—and RBS's Chief Executive, Ross McEwan.

Oral evidence sessions

1 session

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Date	Session and witnesses	Source
30 Jan 2018	No witnesses recorded	View ↗

Correspondence

17 letters

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Published	Direction	Letter
14 Sep 2018	—	Correspondence from the Chair to Ross McEwan, regarding evidence given to the Committee, 12 September 2018
14 Sep 2018	—	Correspondence from Ross McEwan, Chief Executive RBS, regarding evidence given to the Committee, 16 August 2018
28 Mar 2018	—	Correspondence from Ross McEwan, Chief Executive of RBS, relating to RBS Global Restructuring Group, dated 13 March
27 Feb 2018	—	Correspondence to the Chief Executive of RBS related to the Committee’s inquiry into RBS Global Restructuring Group and its treatment of SMEs, dated 27 February
20 Feb 2018	—	Correspondence from the Chief Executive of the Financial Conduct Authority relating to the section 166 report on RBS’s Global Restructuring Group, dated 20 February
20 Feb 2018	—	Ross McEwan, RBS to Chair relating to RBS’s evidence to the Committee on its Global Restructuring Group, dated 16 February
20 Feb 2018	—	Committee Secretariat to RBS relating to RBS’s evidence to the Committee on its Global Restructuring Group, dated 2 February
16 Feb 2018	To committee	Letter from Andrew Bailey to the Chair, 16 February 2018
7 Feb 2018	—	Correspondence from the Chief Executive of the Financial Conduct Authority relating to the FCA’s skilled person’s report on RBS Global Restructuring Group, dated 2 February
17 Jan 2018	—	Correspondence from the Chair to the Chief Executive of RBS relating to RBS Global Restructuring Group, dated 20 December
28 Nov 2017	—	Correspondence from the Chief Executive of the Financial Conduct Authority relating to the Royal Bank of Scotland Global Restructuring Group, dated 28 November
31 Oct 2017	—	Correspondence from the Chief Executive of RBS relating to the Financial Conduct Authority’s report into RBS Global Restructuring Group, dated 30 October
25 Oct 2017	—	Correspondence from the Chief Executive of the Financial Conduct Authority relating to the Royal Bank of Scotland’s Global Restructuring Group and the Connaught Series 1 Fund
17 Oct 2017	—	Correspondence from the Chair of the Treasury Committee relating to the Royal Bank of Scotland Global Restructuring Group, dated 17 October 2017
13 Oct 2017	—	Chair to Andrew Bailey, Chief Executive FCA, regarding RBS Global Restructuring Group report, 11 October 2017
15 Sep 2017	To committee	Response from the Chief Executive of the Financial Conduct Authority, to the Chair relating to the leak of skilled persons report into the RBS Global Restructuring Group, dated 11 September 2017
14 Sep 2017	—	Correspondence from the Chair to the Chief Executive of the Financial Conduct Authority relating to the leak of the skilled persons report into the RBS Global Restructuring Group, dated 4 September 2017