Regulators purchased change in order to report on Barclays use of financing design
An authorities institution purchased transform to the report off an independent study on financing made by Barclays significantly less than your state-backed financing plan to help you echo this new bank’s viewpoints, the brand new Guardian provides read.
An enthusiastic MP has said you to amendments undermined the relationship ranging from ministers and you can civil servants, and you may needed an inquiry to your process.
The newest Agency to have Providers, Invention and you can Feel (BIS) had expected the newest auditing agency RSM Tenon to analyze if or not good 2006 Barclays financing to a buddies belonging to business person Jeffrey Morris contravened the newest today defunct quick firms financing pledges scheme (SFLG). The new program pricing the newest taxpayer nearly ?200m within the compensation to possess banking institutions, which have Barclays stating ?69,471 into Morris financing if the company defaulted with it in ’09. Nothing is to indicate Barclays behaved poorly.
RSM Tenon introduced its statement at the conclusion of end they. Read more
