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753899

registered interest
date	19/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	RateSetter
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government whether they intend to take steps to protect those lenders who have made loans through Ratesetter.
tabling member printed	Lord Myners
uin	HL1045
answer	answer is ministerial correction date of answer 01/08/2017 answer text <p>The government has implemented a proportionate, principles based regime for peer-to-peer (P2P) lending that balances the need for consumer protection with allowing the sector to grow and evolve. This requires consumer-facing platforms to be authorised by the Financial Conduct Authority (FCA) and subject to FCA rules.</p><p> </p><p>The FCA are currently undertaking their planned review of the regulatory framework for (P2P) lending, and the government will continue to engage with the FCA and the wider P2P industry as the review continues.</p> answering member printed Lord Bates question first answered 01/08/2017 10:58:14 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

753900

registered interest
date	19/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Halifax Bank of Scotland: Loans
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government whether they have made any representations to the Financial Conduct Authority regarding the timetable for investigating lending by HBOS.
tabling member printed	Lord Myners
uin	HL1046
answer	answer is ministerial correction date of answer 01/08/2017 answer text <p>The Financial Conduct Authority’s (FCA) investigations into lending by HBOS are a matter for the FCA. The independence of the FCA is vital to their role. Their credibility and authority would be undermined if it were possible for the Government to intervene in their decision-making.</p> answering member printed Lord Bates question first answered 01/08/2017 10:58:32 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners