Oral question asked in the House of Commons, by Barry Sheerman (Labour). It was answered by Ed Balls (Labour) on Thursday, 13 July 2006 on behalf of the Treasury.
Non-EU European Banks
- Question
- What steps he is taking to improve the regulation of the London-based operations of non-EU European banks.
- Answer
-
The Financial Services Authority regulates all non-EU banks operating in the UK under the Financial Services and Markets Act 2000. That includes the regulation of prudential standards, conduct of business, liquidity and financial crime. The Government and the FSA work closely together to ensure that the regulation of the banking sector is effective, well focused and up to date with current market practice.
Secondary information
- Type
- Oral question
- Reference
- 84776
- 448 c1469-70
- Session
- 2005-06
- Oral question type
- Lead
- Chamber / Committee
- House of Commons chamber
- Subjects
- Banks Financial Services Authority Regulation
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-04-12 02:36:38 +0100
- URI
- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1159739
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1159739
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