UK Parliament / Open data

Electronic Commerce Directive (Financial Services and Markets) (Amendment) Order 2015

It will be a great pleasure to give the noble Lord something of such value. We will attempt to do that.

Finally, the noble Lord asked whether we were satisfied with the performance of the FCA in taking over the reins of the OFT. The short answer is yes. Looking at the payday loans element alone, the impact of the FCA, combined with the legislative procedures that have been put in place, has been very dramatic in a direction that most people would welcome. The relative speed with which it was able to get the cap agreed and implemented is an example of that. The short answer to that question is yes, but of course both the Government and Parliament will scrutinise carefully what it does in future.

Type
Proceeding contribution
Reference
760 c13GC 
Session
2014-15
Chamber / Committee
House of Lords Grand Committee
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