Financial Services: Regulation Debate
Full Debate: Read Full DebateLord Bishop of Southwark
Main Page: Lord Bishop of Southwark (Bishops - Bishops)Department Debates - View all Lord Bishop of Southwark's debates with the Department for International Development
(7 years, 3 months ago)
Lords ChamberThose major banks, of course, are covered by the Prudential Regulation Authority, through the Bank, but the FCA has a prudential role as well as its regulatory role. As I mentioned, it is important that we recognise that where regulations apply it is done in a proportionate and appropriate way for consumers and also for the businesses that are being dealt with.
My Lords, when do Her Majesty’s Government intend to implement in full the principal recommendations of the Parliamentary Commission on Banking Standards, published in June 2013?
I do not have an answer for that, but I am very happy to write to the right reverend Prelate.