How Irish SME’s were victimised by the Banks & Regulators


Thursday, April 27th from 6pm - 8pm BST


Online via Zoom.


There'll be a great line-up of speakers plus ample scope for discussion and debate.

Why You Should Attend...

The Ulster Bank Scandal; and why it matters to all victims of banking misconduct

Did you know, that as shocking as it seems, there is a pile of evidence coming to light suggesting that SMEs in Northern Ireland and the Republic of Ireland were targeted for financial destruction by a state owned UK based bank?

Repeat: “…by a state owned UK based bank”.

The evidence strongly suggests that businesses were targeted for insolvency via the Bank’s Non-Core Division and HM Treasury’s Asset Protection Agency, as if it were all part of a targeted, systemic financial cull, with the underlying motivation being to supercharge the Bank’s profits and thereby shore up the Bank’s balance sheet post the Global Financial Crisis.

At the heart of all this was a very serious fraud, and an attempt to cover up what was going on. 

That cover up has been remarkably successful, until now. 

TTF is proud to be courageously shining a big bright light on what happened at this very special Zoom meeting taking place on Thursday 27th April; and through our subject-matter expert speakers we’ll be bringing truly shocking new evidence into the open. 

To give you an initial feel for the kind of things that were going on, we urge you to watch this short video clip, a Channel 4 News clip from back in 2013, which describes what was happening in the UK. 

Also, here’s an article about the issues from the Belfast Telegraph from May 2014; and here’s what was discussed in the UK Parliament at its banking inquiry.

But our event on 27th April will be going much further than that Channel 4 News clip, and it will credibly challenge the narrative in the Belfast Telegraph and the UK’s banking inquiry. 

We’re going to be exposing in detail how Irish SMEs were victimised by the Banks and the Regulator, sometimes by fraudulently passing the bank’s credit risk connected to Fixed Rate Loans on to them. 

That passing on of the bank’s credit risk happened without the customer even being told. 

That constitutes financial fraud; and because of the way the banks deceptively accounted for what happened, it also constitutes an accounting fraud. 

This is clearly serious, serious stuff.

Furthermore, did you know that on 19th June 2012 customers of the RBS Group struggled to get into their bank accounts online and get accurate information from ATM Machines in a huge IT failure. The disruption affected 6.5 million customers and lasted almost 6 weeks. The problem stemmed from Ulster Bank in relation to software shared with the banking Group.

But was this IT failure a result of dated IT systems and errors by the RBS technical staff as the Bank and Financial Conduct Authority later stated, or did it actually relate to a far more sinister issue – an attempt to cover up a serious and widespread financial crime?

Attendees can come to their own conclusions about what the evidence that’s going to be shared at this event shows; but it is quite likely that some, if not all will conclude the evidence shows there has been a serious, systemic and substantial accounting and regulatory fraud; a fraud that has damaged thousands of Ulster Banks SME customers and their lives; a fraud that has been covered up since at least 2012.

They say that ‘sunlight is the best disinfectant’; if that’s true then this event is going to shine a big bright light into some seriously infected parts of the banking and regulatory system.

The purpose of the event is to highlight and expose the following issues, with the intention of demanding that a full, judge-led and independent inquiry into the events at Ulster Bank be instigated:

  • What exactly was the financial fraud?
  • How and why did employees of the NatWest Group single out Northern Irish & Irish businesses for the financial fraud?
  • When did senior Executives in the Group know about this?
  • Why have the Northern Irish/Irish victims of this accounting and regulatory fraud not received compensation?
  • What did the Financial Conduct Authority know about the scandal, when did they know and why have they taken no effective action to date?
  • What was the role of Ulster Bank in the failure of RBS?

Why does this all matter?

It matters because of the carnage the frauds caused – innocent, hard-working people have suffered life-changing losses; and in some cases, they have been so distraught and full of despair that they have taken their own lives.

What’s happened to them just isn’t fair; they have been cheated by the banks and the regulatory framework that is supposed to protect them has been a catastrophic failure; in fact the regulatory failure has been complicit in what’s happened.

Justice and compensation are long overdue; it’s time to fight back, because the evidence has been discovered and will be shared.

The speaker line-up includes:

Steve Middleton, a consultant on Financial Regulation and Chief Adviser to the whistle-blowers support charity BankConfidential, who have exposed financial scandals such as Market Abuse by Bank Directors, compliance file rigging, undisclosed interest rate swap credit lines, training on signature forgery by bank staff and bank disclosures failures in court.

Ian Tyler, an independent Non-Executive Director, Senior Advisor to banks, investment firms and FinTechs; and accounting expert with experience as a Bank Treasury Executive with deep markets, treasury and prudential regulation expertise. Ian was Group Head of Capital at the NatWest Group until leaving in June 2008. He previously controlled the Group centre balance sheet and profit and loss, and managed the Hedge Accounting processes.

Ian Fraser is a renowned journalist and author of the best-selling book: ‘Shredded: Inside RBS, The Bank That Broke Britain’. Shredded was called ‘Explosive’ by Tom Harper at the Independent, ‘The Definitive text’ by Max Keiser, Martin Woolf at the Financial Times said ’Read it and weep’ and Nick Wallis at the BBC said ‘Shredded should be compulsory reading for every MP and financial regulator in the country’.

In addition to the insights and evidence that our three main speakers will share, much of which has never been put into the public domain before, there’ll also be supporting commentary from others with a particular perspective that will help us get to what we now want; no, what we now demand – the truth.

Why does this matter to all victims of banking misconduct?

Simple. Once you accept the harsh reality of just how egregious the conduct by the banks and the regulator has been in the case of the Ulster Bank scandal, it sets you free to think about whether their behaviour in relation to any and all the other bank misconduct cases could be just as bad. Maybe they are even more guilty than we’ve dared to imagine thus far.

Free, Useful and Highly Relevant Resources

Here's the programme so far...

Andy Agathangelou

Founder, Transparency Task Force; Governor, Pensions Policy Institute; Chair, Secretariat Committee, APPG on Pension Scams; Chair, Secretariat Committee, APPG on Personal Banking and Fairer Financial Services; Chair of the Violation Tracker UK Advisory Board


Sir Norman Lamb

Chair, Children’s and Young People’s Mental Health Coalition; Chair, South London and Maudsley NHS Foundation Trust; Patron, Bank Confidential; Former Health Minister & MP for Northfolk; 


Ian Tyler

Independent Chair, NED & Senior Advisor


Ian Fraser

Author and Journalist


Mark Wright

Director, Bank Confidential


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