Clause 189
Banking Bill
5:45 pm
David Gauke (Shadow Minister, Treasury; South West Hertfordshire, Conservative)
Given that the Bank of England may require operators of inter-bank payment systems to pay fees, is it the intention that supervision of the payment systems will be essentially self-financing? Will the fees more or less equate with the costs incurred by the Bank, and will the Minister state the Bank’s likely costs of supervising and overseeing the systems, notwithstanding any fees that it may levy?