Matthew Offord
Main Page: Matthew Offord (Conservative - Hendon)Department Debates - View all Matthew Offord's debates with the Leader of the House
(8 years, 9 months ago)
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Chris Grayling
These proposals will, of course, be the subject of debate in Committee and, if Members choose, on Report on the Floor of the House, but the advice that the hon. Gentleman seeks is best obtained from the Clerks.
Dr Matthew Offord (Hendon) (Con)
Can a Minister come to the Dispatch Box to make a statement explaining what action the Government are taking to protect holders of the Lloyds bank enhanced capital notes from enforced early redemption? Several constituents have contacted me to say that they have been forced to close these. That has had a great effect on their planned income and they have received very little protection from the Financial Conduct Authority.
Chris Grayling
I am aware of those concerns, and my hon. Friend is doing his usual effective job on behalf of his constituents. The essence of what he is arguing relates to the remit of the FCA and its ability to do the job he would wish in a matter such as this. Of course, Treasury Ministers are here on Monday and I advise him to bring that matter to them, as they are ultimately responsible for setting the remit of that authority.