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1230865

registered interest
date	02/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Christianity
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the closure of bank accounts belonging to the Core Issues Trust by Barclays Bank; and what steps they are taking to ensure that bank accounts are not closed as a result of any unfair bias or unlawful discrimination against Christian organisations.
tabling member printed	Lord Maginnis of Drumglass
uin	HL7680
answer	answer is ministerial correction date of answer 16/09/2020 answer text <p>Decisions about whether to provide specific products or services to individuals or businesses remain commercial decisions for banks, building societies and alternative finance providers. It would therefore be inappropriate for the Government to intervene in these decisions.</p><p> </p><p>The Government believes that any dispute arising between financial services firms and their customers is usually best resolved by the parties involved. Should a customer be dissatisfied with a firm’s response to their complaint, then they may wish to consider an approach to the Financial Ombudsman Service (FOS). The government established the FOS to provide a free, independent dispute resolution service for bank customers, including eligible small businesses.</p> answering member printed Lord Agnew of Oulton question first answered 16/09/2020 11:03:46 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	648 label Biography information for Lord Maginnis of Drumglass

1195294

registered interest
date	12/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Building Societies: Fraud
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether all regulations relating to the actions that banks are legally required to take when there has been unauthorised or fraudulent activity on a customer’s account also apply to building societies.
tabling member printed	Lord Maginnis of Drumglass
uin	HL4297
answer	answer is ministerial correction date of answer 26/05/2020 answer text <p>Banks and building societies are both regarded as credit institutions under the EU Capital Requirements Regulation. As such, where there are obligations for unauthorised or fraudulent activity in relation to a credit institution, these apply equally to banks and building societies, unless stated otherwise.</p><p> </p><p>Every industry has a role to play in protecting themselves and their customers from fraud - from keeping their customers’ personal and card payment details safe, to ensuring they have adequate mechanisms in place to spot and stop fraudulent transactions. The scale of fraud requires a unified response with the private sector, particularly the banking industry, retailers, telecommunications industry and social media companies.</p> answering member printed Lord Agnew of Oulton question first answered 26/05/2020 12:33:20 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	648 label Biography information for Lord Maginnis of Drumglass

997085

registered interest
date	29/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Hacking
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what statutory reporting systems banks in the UK are subject to in respect of money stolen from customer accounts through hacking.
tabling member printed	Lord Maginnis of Drumglass
uin	HL11089
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>Under the Financial Services and Markets Act 2000, both the Bank of England and the Financial Conduct Authority have powers that require regulated firms to report to them when that firm suffers operational disruption from a cyber attack.</p><p> </p><p>Under the European Banking Authority’s Payment Services Directive 2 regulation, firms are also required to report operational or security disruption of payments services to the Financial Conduct Authority.</p><p><strong> </strong></p> answering member printed Lord Bates question first answered 08/11/2018 16:08:13 answering member 1091 label Biography information for Lord Bates
tabling member	648 label Biography information for Lord Maginnis of Drumglass

997086

registered interest
date	29/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Regulation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether banking laws and regulations apply consistently across all regions of the UK.
tabling member printed	Lord Maginnis of Drumglass
uin	HL11090
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>Financial services, including banking, is generally a reserved matter under the devolution settlements for Scotland, Northern Ireland and Wales. The majority of banking laws and regulations therefore apply consistently across all regions of the UK.</p> answering member printed Lord Bates question first answered 08/11/2018 16:08:29 answering member 1091 label Biography information for Lord Bates
tabling member	648 label Biography information for Lord Maginnis of Drumglass

997087

registered interest
date	29/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Hacking
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how much money UK banks have reported as having been stolen from customer accounts through hacking in each of the last three financial years.
tabling member printed	Lord Maginnis of Drumglass
uin	HL11091
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>UK Finance collects voluntary information on fraudulent transactions in the finance sector, which is published on their website.</p><p> </p><p>Gross losses from unauthorised fraudulent transactions going back to 2012 have been published in UK Finance’s “2017 Annual Fraud Update”.</p> answering member printed Lord Bates question first answered 12/11/2018 17:48:05 answering member 1091 label Biography information for Lord Bates
tabling member	648 label Biography information for Lord Maginnis of Drumglass