I am extremely grateful to the Minister for giving way. As he has outlined, these are powers that would only be used in the event of a no deal. As a Treasury Minister, I would imagine he is probably losing more sleep than most Government Ministers at the prospect of a catastrophic no-deal situation. Will he outline what reporting mechanisms will be introduced by the Treasury for how these powers are used, either by the Treasury or by Treasury-affiliated bodies such as the Bank of England, the Prudential Regulation Authority and the Financial Conduct Authority?
Financial Services (Implementation of Legislation) Bill [Lords]
Proceeding contribution from
Jonathan Edwards
(Plaid Cymru)
in the House of Commons on Monday, 11 February 2019.
It occurred during Debate on bills on Financial Services (Implementation of Legislation) Bill [Lords].
About this proceeding contribution
Reference
654 c667 Session
2017-19Chamber / Committee
House of Commons chamberSubjects
Librarians' tools
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2020-04-14 10:09:22 +0100
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