Noah Law

Noah Law

Labour — St Austell and Newquay

Speaking in the House of Commons on 10 November 2026

Debate

Financial Services and Markets Bill [Lords]

Contribution

I am sure that many Members of this House would entertain the idea of taking a targeted look at the way in which ringfencing regulation is implemented and agree that, where it is helpful, there should be much more of a free flow of information and discussions with clients across universal banks. However, can the hon. Gentleman categorically rule out the complete abolition of ringfencing that he has suggested, if only for the sake of consumers who do not want to see their retail money swirling around in an investment bank?

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