Financial Services and Markets Bill [HL]

Letter from Lord Stockwood to Lord Davies, Baroness Kramer and Baroness Neville-Rolfe regarding the effect of provisions on the “fair and reasonable” test and the time limit for bringing complaints to the Financial Ombudsman Service.

Letter Lord Stockwood to Baroness Neville-Rolfe and Baroness Kramer regarding shared liability for Authorised Push Payment (APP) fraud across the wider ecosystem, greater transparency on APP fraud performance, discussions with technology platforms about fraud originating on their services and what more technology firms should be required to do, stronger incentives to online platforms to prevent fraud, plans to introduce legislation.

Letter from Lord Stockwood to Baroness Neville-Rolfe and Baroness Kramer regarding accountability of the financial services regulators, publication of long-term strategies, he capacity for Parliament to make recommendations to the regulators, rules which might be seen to be inconsistent with the regulatory principles, non inclusion of a requirement for the regulators to consult on their long-term strategies.

Letter from Lord Stockwood to Lord Kamall regarding ring fencing and impacts on bank resolution regime, microfinance CDFIs and SME access to finance, Credit union common bond.