News from Jenny Jones: responsible banking
Channel: Jenny JonesAM
Date: 2012-11-14

Jenny Jones's motion urging the GLA group to adopt a more responsible banking procurement policy was unanimously supported.

This took place at the London Assembly Plenary meeting on 14th November. The full
motion:

"This Assembly notes that the GLA group procures a variety of banking
services, from card processing and foreign exchange to bonds and
securities services. In the four years from 2008-12 the GLA group paid
almost £35m in charges and other costs for these services, representing
a significant combined procurement budget.

This Assembly calls on the Mayor of London, the GLA Head of Paid
Service, the Mayor's Office for Policing and Crime, the Fire and
Emergency Planning Authority and the Board of Transport for London to
explore opportunities to move taxpayers' money to banks with a better
track record in lending to small businesses and with a track record
that is a better fit with the group's Responsible Procurement policy."