A national agencies bought change towards the declaration regarding a separate research into that loan created by Barclays lower than a state-supported financing scheme in order to reflect the new bank’s viewpoints, the brand new Protector provides read.
A keen MP states you to amendments compromised the relationship ranging from ministers and you may civil servants, and you may called for an inquiry to your procedure.
The latest Agency to possess Business, Invention and you can Experiences (BIS) had requested the new auditing corporation RSM Tenon to research if an excellent 2006 Barclays financing to a family owned by businessman Jeffrey Morris contravened the latest now defunct small companies financing claims program (SFLG). The programme costs the latest taxpayer almost ?200m into the compensation having banks, that have Barclays stating ?69,471 to your Morris financing if organization defaulted inside last year. You’ll find nothing to suggest Barclays behaved poorly.
RSM Tenon lead their report at the end of stop it. The brand new Protector has learned that contained in this around three era away from getting Barclays’ reaction to the report, BIS told RSM Tenon to “remark and amend the newest are accountable to echo it effect”.
RSM Tenon submitted its revised declaration 1 month after.
Read moreRegulators ordered changes in order to summary of Barclays accessibility loan strategy