Clause 155

Part of Banking Bill – in a Public Bill Committee at 10:00 am on 23 October 2008.

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Photo of Mark Todd Mark Todd Labour, South Derbyshire 10:00, 23 October 2008

Does that not reinforce my earlier point that customers do not examine carefully the regulatory environment in which they are committing themselves with their deposit? I do, but I am not typical. If a bank sets up a branch in the UK and is regulated outside our shores, there should be a clear obligation to UK depositors to inform them of the limits of their protection and under what governance that protection will operate.