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707219
star this property registered interest false more like this
star this property date less than 2017-03-02more like thismore than 2017-03-02
star this property answering body
HM Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Foreign Exchange remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what progress the Government has made on bringing greater transparency to foreign currency transactions. more like this
star this property tabling member constituency Linlithgow and East Falkirk more like this
star this property tabling member printed
Martyn Day more like this
star this property uin 66412 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-03-07more like thismore than 2017-03-07
unstar this property answer text <p>A competitive and transparent financial services sector is vital to ensuring that the UK economy delivers for consumers and businesses.</p><p> </p><p>As with all policy areas, the Government continues to keep transparency of foreign exchange fees under review, and is currently conducting research on the effects of this on consumer decisions to inform its policy approach.</p><p> </p><p>The Government is also currently consulting on its draft regulations for the implementation of the Second Payment Services Directive and will respond in due course.</p> more like this
star this property answering member constituency Brighton, Kemptown more like this
star this property answering member printed Simon Kirby more like this
star this property grouped question UIN 66413 more like this
star this property question first answered
less than 2017-03-07T10:07:45.67Zmore like thismore than 2017-03-07T10:07:45.67Z
star this property answering member
3929
star this property label Biography information for Simon Kirby more like this
star this property tabling member
4488
star this property label Biography information for Martyn Day remove filter
707220
star this property registered interest false more like this
star this property date less than 2017-03-02more like thismore than 2017-03-02
star this property answering body
HM Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Foreign Exchange remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, if the Government will take steps to make currency conversion fully transparent in forthcoming payment services regulations. more like this
star this property tabling member constituency Linlithgow and East Falkirk more like this
star this property tabling member printed
Martyn Day more like this
star this property uin 66413 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-03-07more like thismore than 2017-03-07
unstar this property answer text <p>A competitive and transparent financial services sector is vital to ensuring that the UK economy delivers for consumers and businesses.</p><p> </p><p>As with all policy areas, the Government continues to keep transparency of foreign exchange fees under review, and is currently conducting research on the effects of this on consumer decisions to inform its policy approach.</p><p> </p><p>The Government is also currently consulting on its draft regulations for the implementation of the Second Payment Services Directive and will respond in due course.</p> more like this
star this property answering member constituency Brighton, Kemptown more like this
star this property answering member printed Simon Kirby more like this
star this property grouped question UIN 66412 more like this
star this property question first answered
less than 2017-03-07T10:07:45.827Zmore like thismore than 2017-03-07T10:07:45.827Z
star this property answering member
3929
star this property label Biography information for Simon Kirby more like this
star this property tabling member
4488
star this property label Biography information for Martyn Day remove filter
751685
star this property registered interest false more like this
star this property date less than 2017-07-13more like thismore than 2017-07-13
star this property answering body
HM Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Foreign Exchange remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 5 July 2017 to Question 2292, from the hon. Member for Edinburgh South, whether he plans to publish the results of the research on foreign exchange (a) separately from the Government's response to the consultation, (b) in conjunction with the Government's response to the consultation or (c) not at all; if he will bring forward amendments to the draft Payment Services Regulations as a direct result of those findings; and if he will make a statement. more like this
star this property tabling member constituency Linlithgow and East Falkirk more like this
star this property tabling member printed
Martyn Day more like this
star this property uin 4869 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-07-20more like thismore than 2017-07-20
unstar this property answer text <p>In my answer of 5 July I stated that the Government was conducting research on the effects of transparency in overseas money transfers (involving foreign exchange) on consumer decisions. This research helped to inform the Government’s response to the consultation on the implementation of the second Payment Services Directive (PSDII), which was published on 19 July 2017.</p><p> </p><p>The Government’s response to the consultation explains that, as the second Payment Services Directive is a maximum harmonising Directive, the Government has limited flexibility as to how far we can go beyond its explicit requirements. Although the Government could see some benefit in requiring firms to display the difference between the exchange rate they offer and the interbank exchange rate, it is clear that including such a requirement in PSDII would be gold-plating, and the Government has therefore decided not to do so.</p><p>The Government does not intend to publish the research at this point in time as it relates to the formulation and development of ongoing Government policy.</p>
star this property answering member constituency North East Cambridgeshire more like this
star this property answering member printed Stephen Barclay more like this
star this property question first answered
less than 2017-07-20T14:29:01.977Zmore like thismore than 2017-07-20T14:29:01.977Z
star this property answering member
4095
star this property label Biography information for Stephen Barclay more like this
star this property tabling member
4488
star this property label Biography information for Martyn Day remove filter
753989
star this property registered interest false more like this
star this property date less than 2017-07-19more like thismore than 2017-07-19
star this property answering body
HM Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Foreign Exchange remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 17 July 2017 to Question 4713, how he will ensure that the research on the effect of pricing structures on consumer value choices is used to inform policy; and if he will make a statement. more like this
star this property tabling member constituency Linlithgow and East Falkirk more like this
star this property tabling member printed
Martyn Day more like this
star this property uin 6150 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-09-07more like thismore than 2017-09-07
unstar this property answer text <p>In my answer of 17 July I stated that Government does not intend to publish the research it conducted earlier in the year on the effects of transparency in overseas money transfers (involving foreign exchange) on consumer decisions as it relates to the formulation and development of ongoing Government policy.</p><p> </p><p>The research helped to inform the Government’s response to its consultation on the implementation of the second Payment Services Directive, which was published on 19 July 2017.</p> more like this
star this property answering member constituency North East Cambridgeshire more like this
star this property answering member printed Stephen Barclay more like this
star this property question first answered
less than 2017-09-07T16:01:57.657Zmore like thismore than 2017-09-07T16:01:57.657Z
star this property answering member
4095
star this property label Biography information for Stephen Barclay more like this
star this property tabling member
4488
star this property label Biography information for Martyn Day remove filter