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date	2019-07-17
answering body	Treasury
min answer › question first answered	2019-07-22T16:03:12.017Z
hansard heading	Lendy: Insolvency

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tabling member printed

uin

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is ministerial correction

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answering member printed

question first answered

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1140034

registered interest

date

17/07/2019

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, further to the Written Answer by Lord Young of Cookham on 19 June (HL16113), what discussions they have had with the Financial Conduct Authority about the case for that body to conduct an investigation into its decision to authorise Lendy when it had concerns about that firm’s compliance with minimum regulatory standards and the adequacy of disclosure to lenders; and what assessment they have made of the case for any such investigation to include whether any investors in Lendy (1) suffered losses as a result of that authorisation, and (2) are entitled to compensation from the FCA or another institution.

tabling member printed

Lord Myners

uin

HL17269

answer

is ministerial correction

date of answer

23/07/2019

answer text

Treasury Ministers and officials have regular meetings with a wide variety of organisations in the public and private sectors, including the Financial Conduct Authority (FCA). The operationally independent FCA’s investigation into the circumstances that led to the administration of Lendy is ongoing, and it would be inappropriate for Government to pre-empt its findings.

answering member printed

Lord Young of Cookham

question first answered

23/07/2019 11:10:37

answering member

57

	label	Biography information for Lord Young of Cookham

tabling member

3869

	label	Biography information for Lord Myners