City Minister John Glen

The APPG on Challenger Banks and Building Societies is delighted that City Minister and Economic Secretary to the Treasury, John Glen MP, will be addressing a meeting of the group to discuss the current regulatory environment for both Challenger Banks and Building Societies.

John Glen has been in his current role for nearly four years now and played an integral role in helping to steer the UK’s economy through the twin challenges of Brexit and the COVID-19 pandemic.

The APPG has recently published its report on post-Brexit regulatory reform and in the New Year, we will also be revisiting our highly successful survey of the impact COVID-19 has had on Challenger Banks and Building Societies.

We are delighted that the Minister has agreed to talk to the APPG about these challenges and give some insight into the role that the Treasury sees for Challenger Banks and Building Societies in the months and years ahead.

Rt. Hon Karen Bradley MP, Chair of the APPG on Challenger Banks and Building Societies, said:

“The APPG’s recent report on post-Brexit regulation made some bold recommendations for regulatory reforms to level the playing field and give Challenger Banks and Building Societies the opportunity to play their full part in helping the British economy build back better from the twin challenges of Brexit and the COVID-19 pandemic.

“We look forward to hearing the City Minister’s views on the role he sees for Challenger Banks and Building Societies and what steps the government are planning to take to level the playing field and provide a regulatory environment which allows smaller institutions to grow and challenge the ‘Big Six’.”