Source · Select Committees · Treasury Committee
Recommendation 14
14
Acknowledged
Introduce new regulations on business debanking transparency before the parliamentary summer recess.
Conclusion
We welcome the Treasury’s proposed rules changes on debanking, which will provide a greater deal of transparency to customers who suffer from an account closure. HM Treasury should introduce these regulations before the parliamentary summer recess,
Government Response Summary
The government expresses a general commitment to ensuring SMEs have appropriate access to redress and proportionate regulation, but does not specify action to introduce the proposed debanking regulations before the parliamentary summer recess.
Government Response
Acknowledged
HM Government
Acknowledged
14. The Government is committed to ensuring that SMEs have appropriate access to redress now and in the future, with proportionate regulation and oversight of business banking.