Banking Competition Remedies Limited (BCR) was established in 2018 to implement the Alternative Remedies Package of measures agreed between the UK Government and the European Commission. With the Incentivised Switching Scheme now closed [June 2021] and the Capability and Innovation Fund Agreements now ended [December 2022], BCR is now focused on informal reporting for 24 awardees for the duration of 2023 and will commence a voluntary liquidation in early 2024.
BCR is independent from NatWest (formerly known as “RBS”) and the UK Government. It is governed by an independent Board of Directors now comprising of 2 with the departure of Richard Anderson on 31 August 2023.
BCR Board of Directors
Aidene Walsh, Chair of Payment Systems Regulator and former CEO of The Fairbanking Foundation has over 26 years’ experience in commercial banking at Citigroup, ABN Amro, RBS and Lloyds Banking Group, leading various international and UK payments and customer businesses.
Brendan Peilow is the former Crown Representative for Banking and Payments and the former Director of the Government Banking Service (Assistant Paymaster General). Brendan has 33 years’ experience working for Lloyds Banking Group across various roles.