Banks: Small and Medium-sized Enterprises — Question

Part of the debate – in the House of Lords at 3:15 pm on 12 March 2014.

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Photo of Lord Sharkey Lord Sharkey Liberal Democrat 3:15, 12 March 2014

Only yesterday the OFT raised a concern that the big banks were hindering access to alternative forms of financing such as peer-to-peer lending. For existing and new referral schemes, we need to know exactly what the banks are up to and what they are doing. Can the Minister assure the House that all referral schemes will require the banks to publish meaningful data, as they do now for lending?