“To identify aspects of personal banking and financial services where the service providers or regulators have not delivered, or are not delivering, excellence and appropriate consumer protection; to facilitate and encourage all stakeholders to work together to resolve past and present shortcomings, and to bring about positive changes.”
An All Party Parliamentary Group (APPG) is an interest group that occupies a strategic and effective position within Parliament. It is cross-party, with a minimum number of parliamentarians from the Government and the official opposition, and cross-house, made up of both peers and MPs.
The APPG on Personal Banking and Fairer Financial Services is a platform for constructive dialogue through which all stakeholders can exchange insights, experience and ideas with a view to helping to solve shortcomings in the personal banking and financial services space.
All stakeholders are invited to provide meaningful input and help, including:
• Victims of banking-related-scams
• Market participants within the banking sector
• Financial regulators
• Media professionals with a focus on banking and personal finance sector
• Legal professionals
• Support groups
• Think Tanks
• Research organisations
• Banking and personal finance Trades Bodies and Professional Associations
• Charities that can offer support; and so on
As a cross-party group, the APPG is an effective vehicle to effect meaningful change via the Parliamentary system. The Group’s status is that of an APPG and as such is bound by the rules set out by The Office of the Parliamentary Commissioner for Standards. It does not have charitable status, or official status in the House, nor is it funded by Parliament. It relies wholly on the participation and contribution of parliamentarians, industry members and stakeholders committed to creating a strong platform for meaningful change.
The APPG is co-ordinated and administered via the APPG on Personal Banking and Fairer Financial Services Secretariat, the Transparency Task Force.