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Business, Energy and Industrial Strategy

Volume 699: debated on Tuesday 20 July 2021

Open Banking

The following is an extract from Business, Energy and Industrial Strategy Oral Questions on 6 July 2021.

I and my officials have regular conversations with the Competition and Markets Authority on a wide range of issues, although open banking is normally handled by the Exchequer Secretary to the Treasury, my hon. Friend the Member for Saffron Walden (Kemi Badenoch). We support independence as a key criterion for the future open banking governance model.

[Official Report, 6 July 2021, Vol. 698, c. 745.]

Letter of correction from the Under-Secretary of State for Business, Energy and Industrial Strategy, the hon. Member for Sutton and Cheam (Paul Scully).

An error has been identified in my response to the hon. Member for Weston-super-Mare (John Penrose).

The correct response should have been:

I and my officials have regular conversations with the Competition and Markets Authority on a wide range of issues, although open banking is normally handled by the Economic Secretary to the Treasury, my hon. Friend the Member for Salisbury (John Glen). We support independence as a key criterion for the future open banking governance model.