The berg Banking Report returns for 2016

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Posted in:Banking and Finance, berg profile and brand|November 9, 2016 | Join the mailing list

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In 2015 the berg Banking Report showed banks and businesses were still dealing with the impact of the crash of 2008 and the issues arising from the breakdown of trusted relationships between banks and their customers.

It’s over twelve months since we ‘Lifted the Lid on Lending’ and now the berg Banking Report 2016 returns to address the current situation and in particular the position of those affected by the activities of RBS’ now notorious Global Restructuring Group. On the day of the most controversial US election in years RBS chose to make the announcement that it had set aside £400m to repay fees for businesses put into its GRG unit. This came on the same day that new FCA Chief Executive Andrew Bailey was due to appear before the Treasury Select Committee.

Yet while any action by the FCA and the bank is welcome, many questions remain, after last months’ special investigation by Buzzfeed into the activities of the Bank has injected life into this topic.

The GRG (Global Restructuring Group) division of RBS has been a focal point of discussion for us here at berg for many years

Now the berg Banking Report 2016 recaps the GRG position, how we arrived here and what might happen next in this seemingly never-ending saga. We look at the issues which show despite the fact the Tomlinson Report of 2013 was systematically discredited at the time – latest findings show just how accurate it really was. We also look at the timeline of failure on behalf of the regulators since that report, recent cases and the way forward not only for RBS victims in light of recent news but also for dealing with financial disputes in general.

Sign up now to be the first to receive the berg Banking Report 2016.

To find out more about the issues raised in the berg Banking Report 2016, or to discuss any queries regarding RBS and GRG get in touch with our banking litigation team on or call +44 (0) 161 829 2599.

The information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by berg or any of its partners or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

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