M
Member
Speaking in the House of Lords on 2 September 2026
Debate
Overseas Prudential Requirements Regime (Credit Institutions and Investment Firms) Regulations 2026Contribution
I am concerned that applying the FSMA model will take away accountability around these kinds of decision. I am not going to oppose this SI, since opposing SIs is fairly useless anyway and the issue is much bigger than a single SI. However, I believe that there is a BEPS element in this that I do not think was addressed by the Minister and it is one which the Treasury and the Government need to be cognisant of.
About Hansard
Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.