Financial Services
Lords · Question HL1576 · Tabled 2 Jul 2026 · Treasury · Official record
Answered 15 Jul 2026
Question
Asked by Lord Austin of Dudley
To ask His Majesty's Government whether they intend to introduce an explicit threshold requiring demonstrated market failure before the Financial Conduct Authority may exercise its powers under the Financial Services and Markets Bill, schedule 2, paragrap
Answer
Answered by Lord Livermore, 15 Jul 2026
The Government is committed to maintaining the UK’s position as a leading global financial centre, supported by a competitive, innovative and well-regulated payments ecosystem that delivers good outcomes for consumers, businesses and the wider economy. Th...