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786888

registered interest
date	10/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Business: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 7 November 2017 to Question 111359, what representations he has received from business organisations on extending the regulatory perimeter of the Financial Conduct Authority insofar as it relates to business lending.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	112353
answer	answer is ministerial correction date of answer 15/11/2017 answer text <p>The Chancellor receives representations from a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</p><p> </p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 15/11/2017 13:07:57 answering member 4095 label Biography information for Steve Barclay
tabling member	4061 label Biography information for Bill Esterson

784767

registered interest
date	06/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Business: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the proportion of (a) businesses whose lending and (b) funds lent to businesses which is regulated by the Financial Conduct Authority.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	111702
answer	answer is ministerial correction date of answer 14/11/2017 answer text <p>The Government is committed to extending the regulatory perimeter only where there is a clear case for doing so, in order to avoid putting additional costs on lenders that would ultimately lead to higher costs for businesses.</p><p> </p><p>However, unincorporated sole traders and small partnerships borrowing less than £25,000 do receive regulatory protection. In practice, the effect of this is that the smallest SMEs are more likely than not to receive regulatory protections when borrowing.</p><p> </p><p>The Financial Conduct Authority estimated in their 2015 Discussion Paper “Our approach to SMEs as users of financial services” that between 2010 and 2014, 41% of all the loans and overdrafts applied for by SMEs could potentially fall within the regulatory perimeter</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 111703 question first answered 14/11/2017 13:44:40 answering member 4095 label Biography information for Steve Barclay
tabling member	4061 label Biography information for Bill Esterson

784768

registered interest
date	06/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Conduct Authority
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans he has to extend the business lending element of the regulatory framework of the Financial Conduct Authority; and if he will make a statement.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	111703
answer	answer is ministerial correction date of answer 14/11/2017 answer text <p>The Government is committed to extending the regulatory perimeter only where there is a clear case for doing so, in order to avoid putting additional costs on lenders that would ultimately lead to higher costs for businesses.</p><p> </p><p>However, unincorporated sole traders and small partnerships borrowing less than £25,000 do receive regulatory protection. In practice, the effect of this is that the smallest SMEs are more likely than not to receive regulatory protections when borrowing.</p><p> </p><p>The Financial Conduct Authority estimated in their 2015 Discussion Paper “Our approach to SMEs as users of financial services” that between 2010 and 2014, 41% of all the loans and overdrafts applied for by SMEs could potentially fall within the regulatory perimeter</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 111702 question first answered 14/11/2017 13:44:40 answering member 4095 label Biography information for Steve Barclay
tabling member	4061 label Biography information for Bill Esterson

783162

registered interest
date	03/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Bank Services: Small Businesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 2 November 2017 to Question 109593, what representations he has made to representatatives of the banking sector on the accessibility of full banking services for SMEs when their bank branch closes.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	111345
answer	answer is ministerial correction date of answer 13/11/2017 answer text <p>The Government is committed to improving access to financial services.</p><p> </p><p>The Access to Banking Standard, launched in May 2017, commits banks to ensure personal and business customers are better informed about branch closures and the reasons for them closing, along with the options they have locally to continue to access banking services, including specialist assistance for customers who need more help. The Access to Banking Standard is monitored and enforced by the independent Lending Standards Board.</p><p> </p><p>95% of banks’ business customers are now able to withdraw cash, deposit cash and cheques, and make balance enquiries at a Post Office counter via its network of 11,600 branches. Government will have provided nearly £2 billion during the period 2011 to 2018 to maintain and modernise the Post Office network.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 13/11/2017 13:57:30 answering member 4095 label Biography information for Steve Barclay
tabling member	4061 label Biography information for Bill Esterson

783164

registered interest
date	03/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Royal Bank of Scotland: Small Businesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, when he expects the further report of the Financial Conduct Authority on Royal Bank of Scotland's treatment of small and medium-sized enterprises to be published.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	111358
answer	answer is ministerial correction date of answer 13/11/2017 answer text <p>The Financial Conduct Authority (FCA) has published an interim summary of the independent review of Royal Bank of Scotland’s treatment of small and medium-sized enterprise customers transferred to its Global Restructuring Group. The FCA announced it is investigating the matters arising from the review and focussing on whether there is any basis for it to take further action. It would not be appropriate for the Government to comment further whilst this process is ongoing.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 13/11/2017 13:55:08 answering member 4095 label Biography information for Steve Barclay
tabling member	4061 label Biography information for Bill Esterson

783165

registered interest
date	03/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Business: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 2 November 2017 to Question 110240 on the Royal Bank of Scotland, what plans he has to extend the responsibilities of the Financial Conduct Authority to oversee business lending.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	111359
answer	answer is ministerial correction date of answer 07/11/2017 answer text <p>The Government is committed to extending the regulatory perimeter only where there is a clear case for doing so, in order to avoid putting additional costs on lenders that would ultimately lead to higher costs for businesses.</p><p> </p><p>However, unincorporated sole traders and small partnerships borrowing less than £25,000 do receive regulatory protection. In practice, the effect of this is that the smallest SMEs are more likely than not to receive regulatory protections when borrowing.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 07/11/2017 14:53:11 answering member 4095 label Biography information for Steve Barclay
tabling member	4061 label Biography information for Bill Esterson

782643

registered interest
date	02/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Global Restructuring Group
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to the oral evidence given by Andrew Bailey of the Financial Conduct Authority before the Treasury Select Committee on 31 October 2017, if he will make an assessment of the robustness of the methodology adopted by Global Restructuring Group in its valuation of businesses and determination of fees.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	111069
answer	answer is ministerial correction date of answer 07/11/2017 answer text <p>The Financial Conduct Authority (FCA) has published an interim summary of its independent review of the Royal Bank of Scotland’s treatment of small and medium-sized enterprise customers transferred to its Global Restructuring Group. The FCA announced it is investigating the matters arising from the report and focussing on whether there is any basis for it to take further action. It would not be appropriate for the Government to comment further whilst this process is ongoing.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 111070 question first answered 07/11/2017 16:44:57 answering member 4095 label Biography information for Steve Barclay
tabling member	4061 label Biography information for Bill Esterson

782644

registered interest
date	02/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Global Restructuring Group
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to the oral evidence given by Andrew Bailey of the Financial Conduct Authority before the Treasury Select Committee on 31 October 2017, if he will take steps to ensure that the FCA publishes its analysis of the methodology adopted by Global Restructuring Group in its valuation of businesses and determination of fees.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	111070
answer	answer is ministerial correction date of answer 07/11/2017 answer text <p>The Financial Conduct Authority (FCA) has published an interim summary of its independent review of the Royal Bank of Scotland’s treatment of small and medium-sized enterprise customers transferred to its Global Restructuring Group. The FCA announced it is investigating the matters arising from the report and focussing on whether there is any basis for it to take further action. It would not be appropriate for the Government to comment further whilst this process is ongoing.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 111069 question first answered 07/11/2017 16:44:57 answering member 4095 label Biography information for Steve Barclay
tabling member	4061 label Biography information for Bill Esterson

782072

registered interest
date	01/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Customs
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what preparations he has made to ensure skilled staff are in place for operation of customs arrangements on the day the UK leaves the EU.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	110710
answer	answer is ministerial correction date of answer 07/11/2017 answer text <p>HM Revenue and Customs are considering the capacity and capability requirements for future customs arrangements as part of their EU exit planning. This will be kept under review as negotiations progress.</p><p>The future customs controls required following EU exit will depend on the outcome of the negotiations. The Government will work to ensure that trade between the UK and the EU is as frictionless as possible.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 07/11/2017 16:52:04 answering member 3935 label Biography information for Mel Stride
tabling member	4061 label Biography information for Bill Esterson

782245

registered interest
date	01/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Global Restructuring Group
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to the specialist advisers' report to the Treasury Committee of 31 October 2017, what assessment he has made of whether the Skilled Person's report commissioned by the Financial Conduct Authority contains a fair and balanced account of the findings of the Global Restructuring Group report.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	110982
answer	answer is ministerial correction date of answer 06/11/2017 answer text <p>The Financial Conduct Authority (FCA) has published a detailed summary of the main findings from the skilled person’s report. The FCA announced it is investigating the matters arising from the report and focussing on whether there is any basis for it to take further action. It would not be appropriate for the Government to comment further whilst this process is ongoing.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 110983 110984 110985 110986 question first answered 06/11/2017 13:56:16 answering member 4095 label Biography information for Steve Barclay
tabling member	4061 label Biography information for Bill Esterson