Financial Services: Regulation Debate

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Department: Department for International Development

Lord Bishop of Southwark

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Electoral Spending Limits: Wales

Financial Services: Regulation

Lord Bishop of Southwark Excerpts

Prevent Strategy
Wednesday 6th September 2017

(7 years, 2 months ago)

Lords Chamber
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Lord Bates Portrait Lord Bates
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Those 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.

Lord Bishop of Southwark Portrait The Lord Bishop of Southwark
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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?

Lord Bates Portrait Lord Bates
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I do not have an answer for that, but I am very happy to write to the right reverend Prelate.

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