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<p>There are no specific provisions related to the provision of banking services to
local councils and charities in the Financial Services and Markets Bill.</p><p> </p><p>Nevertheless,
the Treasury recognises the challenges some charities and community organisations
have been facing accessing and managing banking services. That’s why the previous
Economic Secretary hosted a roundtable event last year, bringing together lenders
and representatives from bodies representing these organisations to discuss this important
issue. Lenders heard firsthand the problems many charities and community groups have
experienced, and also used this opportunity to set out the products they offer, and
the diverse range of factors charities and community groups need to consider in relation
to banking requirements.</p><p> </p><p>Banking and finance industry group UK Finance
is now working with banks and sector representatives to identify any changes banks
can make to simplify processes like changing signatories on accounts, and to produce
guidance aimed at helping charities and community groups access and understand banking</p><p><strong>
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