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answering dept id	14
uin	135910

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Search Results

registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

question first ministerially corrected

answering member


label

previous answer version

answering member constituency

answering member printed

answering member


label

tabling member


label

884922

registered interest

date

16/04/2018

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Bank Services: Small Businesses

house id

legislature

25259

	pref label	House of Commons

question text

To ask Mr Chancellor of the Exchequer, if he will take steps to ensure that banks maintain records for longer than five years in response to possible legal actions on the mis-selling of (a) tailored business loans and (b) other financial products to small businesses.

tabling member constituency

City of Chester

tabling member printed

Christian Matheson

uin

135910

answer

is ministerial correction

date of answer

23/04/2018

answer text

<p>Oversight of banks’ <ins class="ministerial">record-keeping </ins>processes <ins class="ministerial">for regulated activities, certain related activities, and other ancillary services specifically covered under EU law </ins> <del class="ministerial">and redress schemes regarding the mis-selling of tailored business loans and other financial products to small businesses</del> is the responsibility of the operationally independent Financial Conduct Authority.</p><p><ins class="ministerial">For other activities, such as traditional commercial lending, including Tailored Business Loans, record keeping processes are not subject to FCA requirements and are therefore legal and commercial decisions for banks.</ins></p>

answering member constituency

Salisbury

answering member printed

John Glen

question first answered

23/04/2018 13:12:12

question first ministerially corrected

15/06/2018 13:21:14

answering member

4051

	label	Biography information for John Glen

previous answer version

53154

answering member constituency

Salisbury

answering member printed

John Glen

answering member

4051

	label	Biography information for John Glen

tabling member

4408

	label	Biography information for Christian Matheson