Cerberus Capital Management: Purchase of Distressed Assets

Part of the debate – in Westminster Hall at 4:44 pm on 22nd February 2017.

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Photo of George Kerevan George Kerevan Scottish National Party, East Lothian 4:44 pm, 22nd February 2017

I agree, and the hon. Gentleman gets to the heart of the issue that we want to bring before Treasury Ministers, which is that even when loans were initially regulated, they can be sold on to unregulated parties, such as Cerberus, at which point there are no guarantees about the behaviour of those companies and how customers will be treated.