Clause 22 - Rules and guidance
Financial Services Bill
10:15 am
Christopher Leslie (Nottingham East, Labour)
Yes, I hope that would occur, but I am not sure we can leave it entirely to the market. There is a role for the regulator in shaping the arrangements, in cajoling and persuading institutions to go down that route, and, if necessary, in requiring arrangements to be put into contracts. We have an opportunity to take action in the Bill to take forward some of the FSA’s recommendations, and that is the rationale behind amendment 149.