the United Kingdom in the Financial Ombudsman are launching an inquiry into how banks handle disagreements with smaller businesses. two all-party groups, the fair business banking group and the alternative dispute resolution group, will manage the inquiry, following several scandals involving banks, including the mis-selling of complex financial products. The groups will also examine the roles of Financial Tribunal and the Financial Ombudsman , and it has been suggested a the Small Business Commissioner may be created to deal with disputes.
MPs in the United Kingdom are launching an inquiry into how banks handle disagreements with smaller businesses. Two all-party groups, the fair business banking group and the alternative dispute resolution group, will manage the inquiry, following several scandals involving banks, including the mis-selling of complex financial products. The groups will also examine the roles of the Small Business Commissioner and the Financial Ombudsman, and it has been suggested a Financial Tribunal may be created to deal with disputes.