Crown Currency Exchange

Part of the debate – in the House of Commons at 10:34 pm on 7 December 2010.

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Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury 10:34, 7 December 2010

It is not a matter for the ombudsman-it is for the administrator to decide what further actions are needed. As I said, the problem is that the nature of this business was such that it fell outside the regulatory perimeters. It is not covered by the Financial Ombudsman Service or the financial services compensation scheme, so there is a distinction between this case and the one to which the hon. Gentleman refers.