| answer text |
<p>The Government will consider the issue of small and medium-sized enterprises’ access
to redress and compensation from banks when the Financial Conduct Authority (FCA)
publishes its feedback statement on its discussion paper on SMEs as users of financial
services. The remit of the Financial Ombudsman Service is a matter for the FCA.</p><p>
</p><p>In April, the FCA published feedback to the consultation on their Mission Statement.
In this they committed to consult on widening the remit of the Financial Ombudsman
Service. They will do so shortly, using a formal consultation alongside its feedback
on its SME discussion paper.</p>
|
 |
