Guto Bebb
Main Page: Guto Bebb (Independent - Aberconwy)Department Debates - View all Guto Bebb's debates with the Leader of the House
(11 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Lansley
I thought that the Prime Minister gave excellent answers to questions yesterday, but if there is a problem with Prime Minister’s questions, the hon. Gentleman might like to worry about who is on his own Front Bench rather than on ours.
Guto Bebb (Aberconwy) (Con)
May we have a statement on the revolving door that exists between the Financial Conduct Authority and the financial sector that it is supposed to regulate? It was announced today that Julia Dunn had moved from the FCA to Nationwide, and on Monday it was announced that Christina Sinclair was moving from the FCA to Barclays. Many small businesses that were mis-sold interest rate derivative products need to be reassured about the fact that the designer of the redress scheme has moved to one of the main sellers of those products.
Mr Lansley
I will of course raise my hon. Friend’s concerns with my hon. Friends at the Treasury. As he will, I hope, have seen in the course of the debate on the Financial Services (Banking Reform) Bill, they are very exercised about these matters and are determined to ensure the highest standards of conduct in the banking and financial services sector, following up on the parliamentary commission.