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An introduction to the Business Banking Resolution Service

13 June 2024 / Author(s): Stephen Kosmin , Tia Mereweather-Thompson
Issue: June 2021 / Categories: Feature

This article will discuss the new service and its eligibility criteria, the formalities of bringing a complaint, and also how complaints will be determined. Comparisons will be drawn against the Financial Ombudsman Service as we touch upon the relationship between the two schemes. We will finally consider the appeals procedure and the potentially litigious issues that may arise after a final appeal.

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