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Proceeding contribution from Mark Hoban (Conservative) in the House of Commons on Tuesday, 7 December 2010. It occurred during Adjournment debate on Crown Currency Exchange.


Crown Currency Exchange

It is not a matter for the ombudsman—it is for the administrator to decide what further actions are needed. As I said, the problem is that the nature of this business was such that it fell outside the regulatory perimeters. It is not covered by the Financial Ombudsman Service or the financial services compensation scheme, so there is a distinction between this case and the one to which the hon. Gentleman refers.


Secondary information

Type
Proceeding contribution
Reference
520 c286 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Complaints Compensation Currency speculation Financial services Insolvency Payments Regulation Crown Currency Exchange
Link
View this Proceeding contribution on www.publications.parliament.uk