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Financial Services

Volume 410: debated on Friday 19 September 2003

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:To ask the Chancellor of the Exchequer if he will set out the timetable for mandatory electronic reporting required for all businesses regulated by the Financial Services Authority. [131257]

:The matter raised in this question is the responsibility of the Financial Services Authority. The FSA will be writing to the hon. Member.

:To ask the Chancellor of the Exchequer what steps he has taken since 1997 to reduce fraud in the financial services industry in the United Kingdom; and if he will make a statement. [131385]

:The Financial Services Authority has been established to regulate the financial services industry effectively, and has been given a specific statutory objective to reduce the potential for financial firms to be used for financial crime, including fraud.