This event has now taken place but you can watch the video recording of it through our Youtube Channel, get to it by clicking the button below
When
Tuesday, June 22nd from 6pm to 8pm UK timeWhere
Online symposium via Zoom.Format
There'll be a great line-up of speakers plus ample scope for discussion and debate.Why you should attend
Recidivism, i.e. repeated wrong-doing, is a known trait within the financial services and banking sector. If you want to see hard evidence for that claim, take a look at the data here and ask yourself whether the evidence suggests that not only is the banking sector riddled with recidivists but also that the fines imposed are simply seen as “a cost of doing business.”
In short, we are convinced that the data is telling us that there is something seriously wrong in the financial services sector, particularly banking. We believe that the world’s economies and the wellbeing of society will continue to be at risk until there is real, meaningful change. The fact is that no senior banker has been convicted of criminal behaviour in the UK despite their roles in almost destroying the economy and creating over 10 years of hardship for many.
We’re going to delve into the heart of the problem, and we’re going to be doing this by focusing on a particularly important matter; the Lloyds Bank scandal, which saw many of its vulnerable bank customers taken advantage of at a time of weakness.
We’ll be hearing from Lloyds Bank victims, subject-matter experts, Parliamentarians and more who will cover topics such as:
- Vulnerable, asset rich customers targeted by Lloyds Bank
- Sales pressure put on Lloyds Bank Relationship Managers
- The complaint process with Lloyds Bank/FOS
- Fraud
- The impact on women, children and families
- Mental health issues
- Appointment of LPA receivers
- 3rd party businesses used and their tactics
The harsh reality is that Lloyds Banking Group has a less-than-perfect track record when it comes to breaking the rules. To elaborate on that point, take a look at this data, which shows fines totalling an eye-watering $545,725,000 against it since the year 2000 by the authorities in the USA, for crimes that include interest rate benchmark violations and even economic sanction violations.
We therefore urge everybody that has a genuine interest in seeing improvements in the way Lloyds Banking Group operates to attend this symposium, with a view to helping us build momentum on getting justice to the victims of Lloyds and driving the positive, progressive and purposeful reforms that are so desperately needed.
Here's the programme and timings so far...
—————————————-6:00pm BST—————————————-
Welcome to the symposium, introductions and initial exploration of the main issues; by
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
—————————————-6:10pm BST—————————————-
Presentation #1, for 5 minutes by
Kevin Hollinrake MP
MP for Thirsk and Malton
Vice-chair, APPG on Mortgage Prisoners
Co-chair, APPG on Fair Business Banking
—————————————-6:15pm BST—————————————-
Presentation #2, for 7 minutes by
Anthony Stansfeld
Former Police and Crime Commissioner for Thames Valley Police
—————————————-6:22pm BST—————————————-
Presentation #3, for 8 minutes by
Mike McGrath
Proprietor, M C McGrath
*Mike McGrath – Letter from FOS
*Mike McGrath – AS Letter re Lloyds Bank Bristol
*Mike McGrath – Asset Protection Scheme
—————————————-6:30pm BST—————————————-
Presentation #4, for 20 minutes by
Professor David Llewellyn
Professor of Money and Banking, Loughborough University
—————————————-6:50pm BST—————————————-
Presentation #5, for 18 minutes by
William May
Lloyds Bank Victims Group; former executive of the investment bank, S.G. Warburg
—————————————-7:08pm BST—————————————-
Presentation #6, for 10 minutes by
Keith Elliott
—————————————-7:18pm BST—————————————-
Presentation #7, for 6 minutes by
Frances May
—————————————-7:24pm BST—————————————-
Presentation #8, for 5 minutes by
Chandila Fernando
Director of Investor Relations, The Investment Committee
—————————————-7:29pm BST—————————————-
Presentation #9, for 5 minutes by
Paul Carlier
FX & Financial Markets & Banking Consultant
—————————————-7:34pm BST—————————————-
Presentation #10, for 5 minutes by
Robert Kibbler
—————————————-7:39pm BST—————————————-
Discussion & Q&A
—————————————-7:55pm BST—————————————-
Final conclusions; and suggested next steps and close to the formal proceedings.
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*The programme will continuously evolve so is subject to change.
Kevin Hollinrake MP
MP for Thirsk and Malton
Co-chair, APPG on Mortgage Prisoners
Kevin is a British Conservative politician and businessman. He has been the MP for Thirsk and Malton since 2015.
He started Hunters Estate Agents in 1992, co-founding the business with John Waterhouse, and it is now one of the most successful and fastest-growing estate agencies in the UK. Hunters have over 200 branches nationwide including 30 in Greater London with gross turnover in excess of £40m and approximately 1000 people employed throughout the network.
Kevin has been in property for more than 30 years, but after studying physics at Sheffield Hallam University he set up various businesses. “I sold everything from army surplus to mobile phones. At that time it seemed the best way to make a living.”
Then he joined Prudential, at the time the largest estate agency in Britain as a branch manager, initially in Haxby and later in Burnley, Lancs.
Five years later, in 1992, he and his original founding partner, John Waterhouse, started Hunters in Goodramgate.
Kevin was elected as the MP for Thirsk and Malton on 7th May 2015. In July 2016 he was made Parliamentary Private Secretary to David Lidington MP, Leader of the House of Commons.
In June 2017 he was re-elected as MP for Thirsk and Malton and in July he became PPS to the Rt Hon Michael Gove MP, Secretary of State for Environment, Food and Rural Affairs. In July 2019, he became PPS to the Chancellor of the Duchy of Lancaster.
Kevin was re-elected for the third time as the MP for Thirsk and Malton in December 2019.
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Anthony Stansfeld
Former Police & Crime Commissioner for Thames Valley Police
Anthony was elected as Police and Crime Commissioner on 16th November 2012 and stepped down earlier this year.
He was born in Newbury and West Berks has been his home all his life. He is currently a member of West Berks Council, and was a member of the Thames Valley Police Authority for several years before taking over as Chairman of the Performance Committee in 2011.
He has had a career in both the military and in industry. He enlisted in the Army at 17 and joined the Royal Green Jackets where he saw active service in Borneo and Northern Ireland. He learnt to fly helicopters at Middle Wallop and commanded various Army Air Corps Squadrons, including the Army helicopters in the Falkland Islands in the latter half of 1982.
He spent 2 years as Chief of Staff Intelligence in the Far East. On leaving the Army he was Marketing Director, and then, for 6 years, Managing Director of the aircraft company Pilatus Britten Norman, which had aircraft in over 100 countries. At the same time he commanded the Army reserve helicopters as a TA officer.
While in the Army he spent 4 months carrying out the reconnaissance for the crossing of the Darien Gap in Panama and Columbia, and led the first stage of Operation Raleigh, taking young people through the jungles of Honduras and Belize. He was, for 8 years, a trustee of the Thames Valley Air Ambulance.
He has an M.Sc and studied international terrorism and global security in depth at university.
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Mike McGrath
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David Llewellyn
Professor of Money & Banking, Loughborough University
David Llewellyn is Professor of Money and Banking at Loughborough University.
He has previously worked as an economist in Unilever (Rotterdam), HM Treasury (London) and the International Monetary Fund (Washington).
He has been a Visiting professor at several European universities. A lot of his research and publications has focussed on financial regulation and consumer protection and he was appointed a Public Interest Director of the Personal Investment Authority (the previous UK regulator of retail investment companies), and until recently was the Chair of the European Banking Authority’s Banking Stakeholder Group.
He has served as a consultant to many organisations including the World Bank, IMF, banks and building societies in the UK and other countries. He has served as a consultant to several financial regulatory authorities including the South African Reserve Bank. On the appointment by the South African Treasury Minister he was the international adviser on a government-appointed Commission to investigate competition in the South African financial system and access to it by low-income households.
He has been a strong supporter of mutuality in the financial system. He has written several books and many articles on finance, the financial system and its regulation. His most recent book investigates financial exclusion.
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William May
Lloyds Bank Victims Group
Former executive of the investment bank SG Warburg
Career spent in City of London, primarily with the investment bank, S.G. Warburg.
William joined the firm around the same time as the present Chairman of Lloyds Banking Group, Robin Budenberg. Performed roles as stockbroker, investment analyst and successful fund manager, all specialising in the Japanese stockmarket. He has been researching the Lloyds frauds for almost a decade and his press releases and detailed reports have been and are being distributed to an estimated 500 people nationally and internationally. The Home Secretary and present Lloyds’ Chairman have received hard copies and discussed their contents with the former Police & Crime Commissioner for Thames Valley, Anthony Stansfeld.
William visited John Berrigan, the deputy director general of FISMA at the European Commission in September 2018 to discuss these matters and am scheduled to hold another meeting with senior officials at FIMSA in the coming weeks.
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Keith Elliott
Managing Director and Shareholder, Premier Motorauctions Ltd
Keith Elliott, 66 years old married with 2 daughters, 4 grandchildren and who has spent his life within the Motor Trade. Commenced Premier Motorauctions in 1996 which rapidly became a very successful, profitable and respected business with a total turnover of £160m pa selling 50,000 vehicles per annum, including a very prestigious contract from the DVLA auctioning £28m pa of cherished registration numbers.
Following a sale for £36.5m which collapsed in 2008, Lloyds and PwC then conspired to target the business firstly by taking control and then ownership, which they succeeded in by the end of 2008 . Proceedings were commenced by the Liquidator against Lloyds and PwC for “Professional negligence, Breach of contractual and fiduciary duty, fraudulent misrepresentation, causing loss by unlawful means and conspiracy to injure”.
However, the defendants using every possible trick in the book, were able to thwart the case by causing the litigation insurance to be invalid together with destruction of documents.
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Frances May
Lloyds Bank Victims Group
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Carolyn Shires
Caroline worked as an engineer for British Gas/Transco/Nation Grid for over 20 years. When the gas industry were making people redundant this was her opportunity to fulfil her lifelong dream of having a riding school and breeding horses.
Since childhood she had owned horses, and other animals, dogs, rabbits, and exotics. She gained qualifications in dog training, and horse riding, and judged at some major livestock shows.
Although BG kept her on for a further 4 years, she took redundancy and purchased a stable yard with a friend, this then led her on to purchasing her farm, Highfields Farm, on which she kept horses exotics etc. She also bred Leonberger dogs on a small scale.
She also did contract work for the local newspaper to help fund her business.
When her mother became ill with Alzheimer’she sfound my mother living with her, and being a full time carer.
She borrowed money from Lloyds Bank to update the farm, and to purchase some very rare Poitou donkeys, being only 400 world wide.
Borrowing the funds from Lloyds Bank was the worst thing she did. She did not know how dishonestly Lloyds Bank would act against her, and in 2013, she believe after engineering her into default they repossessed her property.
She also found herself due to Lloyds Bank convicted of Animal Welfare Offences, which she cleared herself in court in 2017. Since then she has assisted other people with wrongful convictions as a McKenzie friend.
“There needs to be a proper investigation into Lloyds Bank and their actions, as I am far from alone in my treatment from Lloyds Bank, and I have collected evidence from other victims to take cases forward.”
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Chandila Fernando
Director of Investor Relations, The Investment Committee
Chandila Fernando has been working in the investment field for over 20 years across three continents.
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Robert Kibbler
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Paul Carlier
FX, Financial Markets & Banking Consultancy
Paul worked as a trader for many of the world’s largest banks between 1987 and 2015, including Citibank, Chemical Bank, Lehman Brothers, Natwest, SBC, UBS (twice) and Lloyds Bank. He blew the whistle on significant wrongdoing whilst at UBS in 2011 and during his two year employment with Lloyds paying the price with his job on both occasions.
Since winning unfair dismissal against Lloyds at the Employment Tribunal, Paul has devoted his time to establishing businesses and highly skilled & experienced teams that provide litigation support services to law firms and businesses involved in large bank or financial markets litigation, helping expose flaws & disturbing failings within the whistleblower ‘process’ in the UK, and helping victims on a pro-bono basis that have been failed by their bank, the FCA and/or the Financial Ombudsman Service.
“I am fortunate to be able to work daily with so many highly experienced and like-minded associates, and to have helped secure over $5bio in settlements for claimants across the globe in multiple asset classes. However, it’s the £3.5mio in compensation that I have helped secure for over 500 victims on various complaints, on a pro bono basis, that is most satisfying.”
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