Early Day Motions

CLYDESDALE BANK REFINANCING PRACTICES

EDM (Early Day Motion) 598: tabled on 26 October 2016

Tabled in the 2016-17 session.

This motion has been signed by 81 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House notes the June 2012 findings of the Financial Services Authority (FSA) that there were serious failings in the sale of interest rate hedging products to some small and medium-sized businesses by Clydesdale Bank; further notes the earlier critical findings of the Treasury Select Committee that the voluntary redress procedures implemented by Clydesdale Bank were inadequate; regrets that the subsequent behaviour of the bank has done nothing to date to improve customer confidence in this system of redress; criticises the bank for being less than fully transparent about the costs, penalties, obligations and calculations attached to its break clauses; notes that the bank has failed repeatedly in the redress process to give details of so-called third party hedges that triggered excessive financial penalties for clients; encourages the bank and its representatives to provide more accurate and consistent information, such as terms and conditions to its customers when they inquire about their personal finances; further encourages the FCA regulator to re-examine the voluntary redress scheme and ensure Clydesdale Bank's customers have been fairly treated.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

Gethins, Stephen
Scottish National Party
Signed on 26 October 2016
North East Fife
Primary
Hosie, Stewart
Scottish National Party
Signed on 26 October 2016
Dundee East
Kerevan, George
Scottish National Party
Signed on 26 October 2016
East Lothian
Blackford, Ian
Scottish National Party
Signed on 26 October 2016
Ross, Skye and Lochaber
Day, Martyn
Scottish National Party
Signed on 27 October 2016
Linlithgow and East Falkirk
Stephens, Chris
Scottish National Party
Signed on 27 October 2016
Glasgow South West

In addition to the sponsors, the following Members have signed to support the motion.

Ahmed-Sheikh, Ms Tasmina
Scottish National Party
Signed on 8 November 2016
Ochil and South Perthshire
Arkless, Richard
Scottish National Party
Signed on 7 November 2016
Dumfries and Galloway
Bardell, Hannah
Scottish National Party
Signed on 7 November 2016
Livingston
Bellingham, Sir Henry
Conservative
Signed on 2 February 2017
North West Norfolk
Betts, Mr Clive
Labour
Signed on 30 November 2016
Sheffield South East
Black, Mhairi
Scottish National Party
Signed on 8 December 2016
Paisley and Renfrewshire South
Blackman, Kirsty
Scottish National Party
Signed on 25 November 2016
Aberdeen North
Boswell, Philip
Scottish National Party
Signed on 17 November 2016
Coatbridge, Chryston and Bellshill
Brown, Alan
Scottish National Party
Signed on 2 November 2016
Kilmarnock and Loudoun
Carmichael, Mr Alistair
Liberal Democrat
Signed on 22 November 2016
Orkney and Shetland
Chapman, Douglas
Scottish National Party
Signed on 15 November 2016
Dunfermline and West Fife
Cherry, Joanna
Scottish National Party
Signed on 3 November 2016
Edinburgh South West
Cooper, Rosie
Labour
Signed on 25 January 2017
West Lancashire
Cowan, Ronnie
Scottish National Party
Signed on 7 November 2016
Inverclyde
Crawley, Angela
Scottish National Party
Signed on 7 November 2016
Lanark and Hamilton East
Cunningham, Mr Jim
Labour
Signed on 15 December 2016
Coventry South
Davies, Geraint
Labour
Signed on 28 November 2016
Swansea West
Docherty-Hughes, Martin
Scottish National Party
Signed on 6 December 2016
West Dunbartonshire
Donaldson, Stuart Blair
Scottish National Party
Signed on 25 November 2016
West Aberdeenshire and Kincardine
Edwards, Jonathan
Plaid Cymru
Signed on 24 November 2016
Carmarthen East and Dinefwr
Elliott, Tom
Ulster Unionist Party
Signed on 29 November 2016
Fermanagh and South Tyrone
Fellows, Marion
Scottish National Party
Signed on 7 November 2016
Motherwell and Wishaw
Ferrier, Margaret
Scottish National Party
Signed on 7 November 2016
Rutherglen and Hamilton West
Flynn, Paul
Labour
Signed on 28 November 2016
Newport West
Gapes, Mike
Labour
Signed on 17 November 2016
Ilford South
Gibson, Patricia
Scottish National Party
Signed on 7 November 2016
North Ayrshire and Arran
Grady, Patrick
Scottish National Party
Signed on 2 December 2016
Glasgow North
Grant, Peter
Scottish National Party
Signed on 1 November 2016
Glenrothes
Gray, Neil
Scottish National Party
Signed on 13 December 2016
Airdrie and Shotts
Green, Kate
Labour
Signed on 20 December 2016
Stretford and Urmston
Hendry, Drew
Scottish National Party
Signed on 16 November 2016
Inverness, Nairn, Badenoch and Strathspey
Kerr, Calum
Scottish National Party
Signed on 7 November 2016
Berwickshire, Roxburgh and Selkirk
Kinahan, Danny
Ulster Unionist Party
Signed on 29 November 2016
South Antrim
Law, Chris
Scottish National Party
Signed on 3 November 2016
Dundee West
Lucas, Caroline
Green Party
Signed on 14 November 2016
Brighton, Pavilion
MacNeil, Angus Brendan
Scottish National Party
Signed on 7 November 2016
Na h-Eileanan an Iar
Marsden, Gordon
Labour
Signed on 9 January 2017
Blackpool South
Matheson, Christian
Labour
Signed on 22 November 2016
City of Chester
McCaig, Callum
Scottish National Party
Signed on 7 November 2016
Aberdeen South
McDonald, Stewart Malcolm
Scottish National Party
Signed on 7 November 2016
Glasgow South
McDonald, Stuart C.
Scottish National Party
Signed on 25 November 2016
Cumbernauld, Kilsyth and Kirkintilloch East
McGarry, Natalie
Independent
Signed on 1 November 2016
Glasgow East
McLaughlin, Anne
Scottish National Party
Signed on 30 November 2016
Glasgow North East
McNally, John
Scottish National Party
Signed on 2 November 2016
Falkirk
Meale, Sir Alan
Labour
Signed on 14 November 2016
Mansfield
Monaghan, Carol
Scottish National Party
Signed on 23 November 2016
Glasgow North West
Monaghan, Dr Paul
Scottish National Party
Signed on 14 November 2016
Caithness, Sutherland and Easter Ross
Mullin, Roger
Scottish National Party
Signed on 28 November 2016
Kirkcaldy and Cowdenbeath
Murray, Ian
Labour
Signed on 21 November 2016
Edinburgh South
Newlands, Gavin
Scottish National Party
Signed on 3 November 2016
Paisley and Renfrewshire North
Nicolson, John
Scottish National Party
Signed on 7 November 2016
East Dunbartonshire
O'Hara, Brendan
Scottish National Party
Signed on 14 November 2016
Argyll and Bute
Sarah Olney,
Signed on 9 January 2017
Oswald, Kirsten
Scottish National Party
Signed on 15 November 2016
East Renfrewshire
Paterson, Steven
Scottish National Party
Signed on 1 December 2016
Stirling
Pugh, John
Liberal Democrat
Signed on 16 November 2016
Southport
Robertson, Angus
Scottish National Party
Signed on 28 November 2016
Moray
Salmond, Alex
Scottish National Party
Signed on 3 November 2016
Gordon
Saville Roberts, Liz
Plaid Cymru
Signed on 22 November 2016
Dwyfor Meirionnydd
Sheppard, Tommy
Scottish National Party
Signed on 14 November 2016
Edinburgh East
Smith, Angela
Labour
Signed on 9 February 2017
Penistone and Stocksbridge
Thewliss, Alison
Scottish National Party
Signed on 28 October 2016
Glasgow Central
Thompson, Owen
Scottish National Party
Signed on 3 November 2016
Midlothian
Thomson, Michelle
Independent
Signed on 31 October 2016
Edinburgh West
Timms, Stephen
Labour
Signed on 12 December 2016
East Ham
Twigg, Stephen
Labour
Signed on 9 January 2017
Liverpool, West Derby
Vaz, Keith
Labour
Signed on 8 December 2016
Leicester East
Weir, Mike
Scottish National Party
Signed on 1 November 2016
Angus
Whiteford, Dr Eilidh
Scottish National Party
Signed on 16 November 2016
Banff and Buchan
Williams, Hywel
Plaid Cymru
Signed on 14 November 2016
Arfon
Williams, Mr Mark
Liberal Democrat
Signed on 3 November 2016
Ceredigion
Wilson, Corri
Scottish National Party
Signed on 7 November 2016
Ayr, Carrick and Cumnock
Wilson, Sammy
Democratic Unionist Party
Signed on 22 November 2016
East Antrim
Wishart, Pete
Scottish National Party
Signed on 7 November 2016
Perth and North Perthshire

These members had previously signed the motion, but have now withdrawn their support. The date shown is when the Member withdrew their signature from the motion.

Sandbach, Antoinette
Conservative
Signature withdrawn on 14 December 2016
Eddisbury