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

I hear what the Minister says but I ask him to look again at this situation. I do not think that he quite appreciates the seriousness of it. Unless this loophole is closed, the clients of small and medium-sized broking firms—very well-run broking firms—will leave those firms and go to larger ones. That is already happening, so will the Minister please look at this matter again?