BCC welcomes Future of Banking Commission's reform proposals
13/06/10 | 10:04
Commenting on the Future of Banking Commission's report, released today, Dr Adam Marshall, Director of Policy at the British Chambers of Commerce (BCC), said:
"The BCC strongly welcomes the Future of Banking Commission's proposals to reform training and incentives for front line staff. In our testimony before the Commission, we highlighted how poor training, arbitrary decision-making and skewed incentives stopped many viable businesses from getting credit from banks at the height of the credit crunch. If implemented, the Commission's recommendations on culture would give many local business owners greater confidence in the decision-making process - and help to prevent similar problems from recurring in future."
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Media Contact:
Sam Turvey
Tel: 020 7654 5813
Email: s.turvey@britishchambers.org.uk
Notes to Editors:
The BCC will publish its Budget submission on Monday at 00:01. The submission makes strong recommendations on taxation and public spending. It also suggests new policies that will help create a better business environment and ensure improved access to finances for SMEs.
The British Chambers of Commerce (BCC) is the National Voice of Local Business.
The BCC sits at the heart of a powerful nationwide network of Accredited Chambers of Commerce serving business across the UK, which employ over five million people