The retail ring fence is a good idea, but the real game-changer for banking will be the introduction of full bank account number portability, because it will break open the oligopoly banks. Does my right hon. Friend agree that it is also important for the Payments Council no longer to be controlled by the big banks? Breaking open competition and introducing new challenger banks is of key importance.
Banking Reform
Proceeding contribution from
Andrea Leadsom
(Conservative)
in the House of Commons on Monday, 4 February 2013.
It occurred during Urgent question on Banking Reform.
Type
Proceeding contribution
Reference
558 c32
Session
2012-13
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2020-01-14 14:51:28 +0000
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