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 Bates Lord Bates The Minister of State, Department for International Development 3:22, 13 June 2018

I hear what my noble friend says, but progress has been made. We have announced that the current threshold of £50,000 for the protection of assets by the Financial Services Compensation Scheme will increase to £85,000 from next April. That is a significant step in the right direction and it underscores again our commitment to small investors and small enterprises.