Investment Banks: Client Protection - Question

Part of the debate – in the House of Lords at 3:22 pm on 13 June 2018.

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Photo of Lord Lee of Trafford Lord Lee of Trafford Liberal Democrat 3:22, 13 June 2018

To ask Her Majesty’s Government, in the light of the current Beaufort Securities situation, what steps they are contemplating to ensure that client assets are protected and ring-fenced from administrators of failed stockbroking or fund managements firms operating under rule 135 of the Investment Bank Special Administration (England and Wales) Rules 2011 (SI 2011/1301).