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<p>Oversight of banks’ <ins class="ministerial">record-keeping </ins>processes <ins
class="ministerial">for regulated activities, certain related activities, and other
ancillary services specifically covered under EU law </ins> <del class="ministerial">and
redress schemes regarding the mis-selling of tailored business loans and other financial
products to small businesses</del> is the responsibility of the operationally independent
Financial Conduct Authority.</p><p><ins class="ministerial">For other activities,
such as traditional commercial lending, including Tailored Business Loans, record
keeping processes are not subject to FCA requirements and are therefore legal and
commercial decisions for banks.</ins></p>
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