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tabling member › label	Biography information for Lord Myners
house id	2
max date	2019-06-10
answer › answering member printed	Lord Young of Cookham
question text	To ask Her Majesty%27s Government whether they will establish an independent review into the FCA%E2%80%99s supervision of Lendy and the actions taken by the FCA once it had raised questions about the firm%E2%80%99s compliance with minimum regulatory standards and disclosure to lenders.

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registered interest

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answering body

answering dept id

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legislature


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tabling member printed

uin

answer

is ministerial correction

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answering member printed

question first answered

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tabling member


label

1130252

registered interest

date

05/06/2019

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Lendy: Insolvency

house id

legislature

25277

pref label	House of Lords

question text

To ask Her Majesty's Government whether they will establish an independent review into the FCA’s supervision of Lendy and the actions taken by the FCA once it had raised questions about the firm’s compliance with minimum regulatory standards and disclosure to lenders.

tabling member printed

Lord Myners

uin

HL16113

answer

is ministerial correction

date of answer

19/06/2019

answer text

There is an ongoing Financial Conduct Authority (FCA) investigation into the circumstances that have led to the administration of Lendy. It is important that the FCA rules for P2P lending remain relevant for this evolving sector, and the new rules announced by the FCA on 4 June reflect this. These will help to ensure that investors have the information they need to make effective decisions about P2P investments, without imposing additional costs on borrowers.

answering member printed

Lord Young of Cookham

question first answered

19/06/2019 16:39:39

answering member

57

label	Biography information for Lord Young of Cookham

tabling member

3869

label	Biography information for Lord Myners