A University of Leicester lecturer is to play an important part in a national inquiry on banking services and small businesses.
Professor Cosmo Graham, of Leicester’s Law Department, has been appointed as a member of the group chosen by the Competition Commission to inquire into the Cruickshank report.
The Competition Commission, to which Professor Graham has been appointed, has been asked by the Chancellor of the Exchequer, Gordon Brown and Secretary of State for Trade and Industry, Stephen Byers, to look into the provision of banking services by the clearing banks to small and medium sized enterprises in order to see whether there are matters of concern to the public interest. Don Cruickshank published his report to the Chancellor of the Exchequer on 20th March in which he highlighted many issues relating to how banks serve their customers. The report argued that banks were making excessive profits and that there was a need for an inquiry into the provision of services by the clearing banks to small businesses.
Professor Graham specialises in competition law and is also a member of the Advisory Committee of the Centre for the Study of Regulated Industries. Professor Graham said: “I am pleased to be appointed to examine these very important matters and look forward to a challenging inquiry. I also look forward to working with the expert input of the Chairman, the other members and the very efficient and helpful staff team.”
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