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Banks: Insolvency

Volume 481: debated on Tuesday 28 October 2008

To ask the Chancellor of the Exchequer what assessment he has made of the effects on financial institutions of the tighter insolvency regime introduced by the Financial Services Authority in 2003, with particular reference to Standard Life; and if he will make a statement. (226624)

[holding answer 13 October 2008]: This is a matter for the Financial Services Authority (FSA) as an independent regulator.