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 NatWest (formerly known as “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 Awardees
  • Administer dowry payments to Participants and oversee the delivery of the Incentivised Switching Scheme (including NatWest’s delivery of its obligations in connection with the Incentivised Switching Scheme). This scheme closed on 30th June 2021.
  • Monitor compliance by Participants 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

Executive Directors

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.

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.

Non-Executive Directors

Richard Anderson, Chair of BCR, is a past Chairman of the Institute of Risk Management and was a partner in PwC where he led the Strategic Risk Services Group in Europe, Middle East and Africa before working in a variety of risk consulting practices including setting up his own. He is currently an independent NED at Pay.UK where he chairs the Risk Committee and Security Sub-Committee. Until recently he was Chairman of the Cheque & Credit Clearing Company. He has broad experience across many industries as an auditor and a consultant with a strong regulatory and governance background.

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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