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<p>Treasury Ministers and officials meet regularly with colleagues across Government,
and the various regulators, to discuss a wide range of issues. As was the case with
previous Administrations, it is not the Treasury's practice to provide details of
all such discussions.</p><p> </p><p>The Government’s shareholding in the Royal Bank
of Scotland (RBS) is managed at arm’s length from Government by UK Financial Investments
(UKFI). UKFI is responsible for managing the shareholding on a wholly commercial basis,
in a way that creates and protects value for the taxpayer. UKFI is not responsible,
for managing the bank itself; RBS retains its own board for strategic and management
decisions. Decisions on overdraft fees are solely within the remit of the bank.</p><p>
</p><p>The Government supports the work the Financial Conduct Authority is carrying
out on high-cost credit, including overdrafts, and will continue to work with them
to ensure that all consumers who use high-cost credit products are treated fairly.</p>
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