Due to the general election on 12 December 2019 the Committee has now closed this inquiry. Following the dissolution of Parliament on 6 November, all Select Committees will cease to exist until after the general election. If an inquiry on this subject is held in the future, the Committee may refer to the evidence already gathered as part of this inquiry.
Scope of the inquiry
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.