About Us

Banking Competition Remedies Limited (BCR) has been established to implement the Alternative Remedies Package of measures agreed between the UK Government and the European Commission.

BCR is independent from RBS and the UK Government. It is governed by an independent Board of Directors.

The primary responsibilities of BCR are to:

  • Provide information to applicants and other interested parties in respect of the Capability and Innovation Fund and Incentivised Switching Scheme
  • Manage and disburse the Capability and Innovation Fund to Eligible Bodies
  • Administer dowry payments to Eligible Bodies and oversee the delivery of the Incentivised Switching Scheme (including RBS’s delivery of its obligations in connection with the Incentivised Switching Scheme)
  • Monitor compliance by Eligible Bodies with the terms of the agreements governing the use of funds
  • Reporting publicly on the Alternative Remedies Package (including how funding has been applied)

BCR Board of Directors

Godfrey Cromwell has professional experience in the banking, business and NGO sectors and is an independent (cross-bench) member of the House of Lords. He has also served on a number of Parliamentary Committees and All Party Parliamentary Groups.

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.

Aidene Walsh is the former CEO of The Fairbanking Foundation and 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.

BCR Non-Executive Director

John Howard a former broadcaster and presenter of Radio 4’s You and Yours, John is Vice Chair of The Family Building Society and Founder and Director of Consumer Insights limited. Previous NED positions have included the Financial Ombudsman Service, The Gas and Electricity Markets Authority (Ofgem) and as Chairman of the Financial Services Consumer Panel to the Financial Services Authority. He is a member of the Independent Governance Committee at Lloyds Banking Group.

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