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753987

	registered interest
	date	19/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Halifax Bank of Scotland: Fraud
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how much his Department has spent in connection with HBOS fraud cases since they arose.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	6147
	answer	answer is ministerial correction date of answer 07/09/2017 answer text <p>The investigations into lending by HBOS are a matter for Lloyds Banking Group (LBG) and the Financial Conduct Authority. They are on-going, independent investigations, and it would therefore not be appropriate for the government to intervene. The government expects that the investigation by Professor Russel Griggs will help LBG to resolve outstanding cases as soon as possible, so that any victims of fraud at HBOS Reading can be properly compensated.</p><p> </p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 6148 question first answered 07/09/2017 15:48:26 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

753988

	registered interest
	date	19/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Halifax Bank of Scotland: Fraud
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what support his Department has given to people affected by the HBOS fraud cases.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	6148
	answer	answer is ministerial correction date of answer 07/09/2017 answer text <p>The investigations into lending by HBOS are a matter for Lloyds Banking Group (LBG) and the Financial Conduct Authority. They are on-going, independent investigations, and it would therefore not be appropriate for the government to intervene. The government expects that the investigation by Professor Russel Griggs will help LBG to resolve outstanding cases as soon as possible, so that any victims of fraud at HBOS Reading can be properly compensated.</p><p> </p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 6147 question first answered 07/09/2017 15:48:26 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

808796

	registered interest
	date	18/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Cash Dispensing: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect of the proposal by the LINK network of AGM providers to reduce interchange fees on (a) consumers, (b) small business and (c) high streets and (d) access to cash for customers; whether his Department has made an assessment of the combined effect of that proposal with a reduction in the availability of banks on (i) consumers and (ii) businesses; and what progress has been made on the commitment he gave in his evidence to the House of Lords Exclusion Committee on engaging with the LINK network and its members to ensure that widespread free access to cash is maintained.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	119905
	answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK, and will continue to work with industry to ensure that this access continues. Since 1998, the number of free to use ATMs has more than doubled, from 24,600 to over 53,000.</p><p> </p><p>The Government has not made any formal assessment of the potential effect of LINK’s proposals to reduce interchange fees in isolation, or in combination with bank branch closures. However, the Payment Systems Regulator (PSR), which Government set up in 2015 with the statutory objective to ensure that the UK’s payment systems work in the interests of their users is monitoring developments within ATM provision, and is conducting ongoing internal work on the impact that changes may have on ATM provision. Government is confident that the PSR will use its powers to act should any of the firms it regulates behave in a way that conflicts with its statutory objectives.</p><p> </p><p>The Government is engaging regularly with LINK and its members, and they have assured us that industry is committed to maintaining an extensive network of free-to-use cash machines, and to ensuring that the present geographical spread of ATMs is maintained. LINK intend to bolster their Financial Inclusion Programme, which ensures the provision of ATMs in areas of deprivation, where demand would not otherwise make one viable, and have recently also committed to protecting all free-to-use ATMs which are a kilometre or more from the next nearest free-to-use ATM. The Government expects this additional commitment to be of particular benefit to rural areas.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 119978 120174 question first answered 21/12/2017 11:53:32 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

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

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

782247

	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, if he will request that the Financial Conduct Authority publishes its Section 166 report into the Global Restructuring Group; and if he will make a statement.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	110984
	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 110982 110983 110985 110986 question first answered 06/11/2017 13:56:17 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

782248

	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	Royal Bank of Scotland
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the letter of 30 October 2017 from Ross McEwan, Chief Executive, Royal Bank of Scotland, to the Chair of the Treasury Committee on 31 October 2017, what assessment he has made of the validity of the areas of difference referred to by Mr McEwan in that letter.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	110985
	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 110982 110983 110984 110986 question first answered 06/11/2017 13:56:17 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson