John Glen

John Glen

Conservative — Salisbury

Speaking in the House of Commons on 10 November 2026

Debate

Financial Services and Markets Bill [Lords]

Contribution

I absolutely take on the challenge, but I think we need to level with the British public about this and have a better conversation about it, rather than say there is an ultimate backstop provision apparently for absolutely everything. We have to reset that dynamic. I have mixed feelings about the proposed reforms of the Financial Ombudsman Service. I feel it has become an unreliable pathway to resolution, but I am also concerned that by wrapping it into the FCA, as with the decision to apparently streamline regulations by putting the Payment Systems Regulator into the FCA, we will just create a bigger FCA, with different functions under one banner.

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