Clause 188
Banking Bill
5:45 pm
David Gauke (Shadow Minister, Treasury; South West Hertfordshire, Conservative)
The clause contains an appeals mechanism, which is welcome. It makes use of the financial services and markets tribunal, which generally applies for FSA-authorised entities seeking to make an appeal. The provision shoehorns the payment systems legislation into this, so will the Minister assure the Committee that he is satisfied that the tribunal will have the necessary expertise in this specialised area? It deals generally with FSA-regulated entities rather than Bank of England-supervised entities, so will he assure the House on that point?