Challenger Banks and Building Societies APPG

First Registered: 18/07/2018 • Last updated on: 21/04/2021

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To review the regulations of the banking and financial sector and to promote fair competition, removing entry barriers and encouraging diversity of service.

Note: All-Party Parliamentary Groups (APPGs) are informal, cross-party groups formed by MPs and Members of the House of Lords who share a common interest in a particular policy area, region or country. APPGs have no official status within Parliament.


This content was generated for your convenience by Parallel Parliament and does not form part of the official record.
Recent Documents related to Challenger Banks and Building Societies

1. Santander UK plc
27/11/2019 - Competition and Markets Authority (CMA)
- View source

Found: corporation tax for banks (the Surc harge ) disproportionately affects smaller banks , including scale

2. Ambrish Parmar
27/11/2019 - Competition and Markets Authority (CMA)
- View source

Found: applicability will impact a number of Building Societies, alongside challenger Banks. The response notes and

3. New Financial analysis of Charter signatory data (Dec 2016)
28/09/2018 - HM Treasury
- View source

Found: services (2) Insurance (11) Building societies, credit unions (4) Average* Banks (15) FTSE 100 Asset management

4. Statement from the Chancellor and main British banks and building society on maintaining support for households and businesses
05/07/2016 - HM Treasury
- View source

Found: Statement from the Chancellor and main British banks and building society on maintaining support for households

5. Letter from 8 challenger banks
27/11/2019 - Competition and Markets Authority (CMA)
- View source

Found: promote our offers is not the main impediment to challenger bank growth and the creation of real competition

Latest Documents
Recent Speeches related to Challenger Banks and Building Societies

1. Finance Bill
08/09/2015 - Commons Chamber

1: would be available. We raised debt funding from banks, who look at the expected revenue from the project - Speech Link
2: to the banking tax regime. They will ensure that banks continue to make a fair contribution to the economic - Speech Link

2. Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020
10/11/2020 - Lords Chamber

1: capital requirements directives were created with banks in mind, they also apply to investment firms. However - Speech Link
2: highlight is the danger of challenger banks. The concept of challenger banks is one that politicians on - Speech Link
3: by the G20 is requiring systemically significant banks by 2022 to raise the equivalent of 18% of their - Speech Link

3. Financial Services Bill
01/03/2021 - Grand Committee

1: requirements of individual banks should be about prudential risk to the capital of the banks and the resilience - Speech Link
2: agreement to the oil and gas industry, with UK banks contributing significantly.Financial institutions - Speech Link
3: to changes in the value of investments held by banks and insurance companies in sectors such as coal - Speech Link

4. Financial Services Industry
04/03/2015 - Commons Chamber

1: handful of banks in the UK today, but my researcher tells me that there are 417 savings banks in Germany - Speech Link

5. Parliamentary Commission on Banking Standards
08/09/2016 - Grand Committee

1: the scale of the problems with banks over the previous decade:“Banks in the UK have failed in many - Speech Link

Latest Speeches
Recent Questions related to Challenger Banks and Building Societies
1. Building Societies
asked by: Gareth Thomas
28/04/2021
... what assessment he has made of the effect of the decision by regulators not to consider the effect of demutualisation of building societies and friendly societies on the financial crash of 2007-08; and if he will make a statement.

2. Banks and Building Societies: Coronavirus
asked by: Karen Bradley
21/10/2020
... if he will make an assessment of the potential merits of the recommendations in that report; and if he will make a statement.

3. Banks and Building Societies: Closures
asked by: Alex Davies-Jones
01/03/2021
... what recent assessment he has made of the effect of the Access to Banking Protocol on preventing bank and building society branch closures.

4. Banks and Building Societies: CCTV
asked by: Hilary Benn
01/11/2018
... if he will require banks and building societies to retain CCTV footage at their premises for a fixed period of time in order for it to be available for the investigation of bank and identity fraud.

5. Banks and Building Societies: CCTV
asked by: Hilary Benn
01/11/2018
... what assessment he has made of the effect of routine wiping of CCTV footage at banks and building society premises on the police's ability to investigate (a) bank fraud and (b) identity theft.

Latest Questions
7 Current APPG Officers
Karen Bradley Portrait
Karen Bradley
Chair & Registered Contact
Conservative - Staffordshire Moorlands
Joined: 8th April 2020
Jim McMahon Portrait
Jim McMahon
Vice Chair
Labour (Co-op) - Oldham West and Royton
Joined: 8th April 2020
Mary Robinson Portrait
Mary Robinson
Vice Chair
Conservative - Cheadle
Joined: 8th April 2020
Baroness Wheatcroft Portrait
Baroness Wheatcroft
Vice Chair
Crossbench - Life peer
Joined: 8th April 2020
1 APPG Membership
Corporate Governance
Baroness Drake Portrait
Baroness Drake
Vice Chair
Labour - Life peer
Joined: 18th July 2018
1 APPG Membership
Pensions
Contact Details

Registered Contact:

Karen Bradley MP, House of Commons, London, SW1A 0AA. Tel: 020 7219 7215.

Email: karen.bradley.mp@parliament.uk

Public Enquiry Point:

David Spencer, Barndoor Strategy, Plas Brynglas, Rhydargaeau, Carmarthen, Wales SA32 7DR. Tel: 07444 227 265

Email: david.spencer@barndoorstrategy.com

Secretariat:

Barndoor Strategy acts as the group's secretariat. http://www.barndoorstrategy.com/

Group's Website:

https://www.cbbsappg.org.uk/

Benefits in Kind
Date
26 Feb 2020
Source
Barndoor Strategy
Description
Secretariat   From : 26/02/2020 To : 25/02/2021
Value
£4,501
Date
21 May 2019
Source
Barndoor Strategy
Description
Secretariat   From : 21/05/2019 To : 20/05/2020
Value
£4,501
Date
21 May 2018
Source
Barndoor Strategy
Description
Secretariat   From : 21/05/2018 To : 20/05/2019
Value
£3,001
Financial Benefits Received
Date
16 Dec 2020
Source
Penrith Building Society
Value
£3,000
Date
7 Dec 2020
Source
OakNorth Bank
Value
£2,500
Date
13 Nov 2020
Source
Aldermore Bank
Value
£5,000
Date
12 Dec 2018
Source
Building Societies Association
Value
£6,449
Date
12 Nov 2018
Source
Nottingham Building Society
Value
£2,500
Date
1 Nov 2018
Source
Saffron Building Society
Value
£5,000
Former APPG Officers
Damien Moore Portrait
Damien Moore
Vice Chair
Conservative - Southport
Joined: 19th June 2019
Departed: 5th November 2019
Lee Rowley Portrait
Lee Rowley
Chair & Registered Contact
Conservative - North East Derbyshire
Joined: 18th July 2018
Departed: 11th September 2019
Kemi Badenoch Portrait
Kemi Badenoch
Chair & Registered Contact
Conservative - Saffron Walden
Joined: 18th July 2018
Departed: 8th May 2019
No other APPG Memberships