M

Member

Speaking in the House of Lords on 17 December 2024

Debate

Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2024

Contribution

The changes in this SI are restricted: they largely change the size of the banks that have to obey ring-fencing rules. Can the Minister tell me how many banks are affected by that change? It would be nice to know the identity of the current set of banks that would be affected by the change because that would give us a sense of how much risk is being added into the market.

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