John Swift QC’s report confirms
banks including Lloyds and RBS/NatWest lobbied chancellor George Osborne and @hmtreasury to intervene to limit liabilities arising from the @TheFCA’s IRHP Review, even if it meant hanging customers out to dry. @Carlier_J87 jupiter87.com/2022/01/the-sw…
banks including Lloyds and RBS/NatWest lobbied chancellor George Osborne and @hmtreasury to intervene to limit liabilities arising from the @TheFCA’s IRHP Review, even if it meant hanging customers out to dry. @Carlier_J87 jupiter87.com/2022/01/the-sw…
The mandate for the Swift Review was for an independent and comprehensive investigation that would establish all the issues relevant to the FCA’s IRHP Review, and establish what lessons could learned from it.
However because it omitted significant and substantial evidence and testimony from credible sources and witnesses, John Swift QC’s report has failed to achieve that, says @Carlier_J87
“It is further clear that this was by design, and that this report was produced on behalf of the same banks that exerted pressure to limit their liabilities, and on behalf of HM Treasury and The FCA which succumbed to that pressure,” says @Carlier_J87
Chancellor of the Exchequer George Osborne, the Treasury and the FCA and the leading British banks including NatWest, RBS and Lloyds Banking Group “participated in a conspiracy to defraud over 5,000 UK businesses,” says
@Carlier_J87.
@Carlier_J87.
“Go easy on the banks”. In his protected disclosure on the Swift Review, Paul Carlier also confirms the role of ex-Treasury minister (and current health secretary) @sajidjavid in seeking to dilute the IRHP review and deny 10,000 UK businesses compensation. independent.co.uk/news/business/…
FSA wrongly denied compensation to 10,000 British companies which were missold toxic financial products by UK banks. Osborne’s Treasury “interfered” to protect the banks, effectively denying redress to firms that were fleeced, then lied about it for years. thetimes.co.uk/article/fsa-wr…
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