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