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1658020

registered interest
date	29/08/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to support the growth of the financial services sector.
tabling member constituency	Harrow East
tabling member printed	Bob Blackman
uin	906211
answer	answer is ministerial correction date of answer 05/09/2023 answer text <p>In July, the Chancellor set out his ambitious Mansion House Reforms package, which will help to support the growth of the financial services sector by:</p><p>o reforming the pensions market to boost returns and improve outcomes for pension fund holders whilst increasing funding liquidity for high-growth companies;</p><p>o helping companies grow and list in the UK; and</p><p>o enabling us to seize the opportunities of the future by reforming and simplifying our regulatory rulebook.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 05/09/2023 13:52:33 answering member 4874 label Biography information for Andrew Griffith
tabling member	4005 label Biography information for Bob Blackman

1222029

registered interest
date	08/07/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 3 July 2020 to Question 64077, what assessment he has made of the importance of the exchange rate margin as calculated from the European Central Bank (ECB) rate in providing clarity for people sending bank transfers abroad; and if he will bring forward legislative proposals to require that margin to be calculated from a live publicly available interbank rate rather than the ECB rate to ensure that transparency provisions will continue to work effectively in UK law after the end of the transition period.
tabling member constituency	Harrow East
tabling member printed	Bob Blackman
uin	71033
answer	answer is ministerial correction date of answer 13/07/2020 answer text <p>Further to my response of 3 July 2020 to Question 64077, before the end of the Transition Period, the Government will bring forward secondary legislation under the EU Withdrawal Act 2018 to ensure that the provisions of the Cross Border Payments Regulation which require transparency of currency conversion fees and charges for credit transfers, continue to work effectively in UK law after the end of the Transition Period.</p> answering member constituency Salisbury answering member printed John Glen question first answered 13/07/2020 10:52:19 answering member 4051 label Biography information for John Glen
tabling member	4005 label Biography information for Bob Blackman