Financial Services: Fraud

Treasury written question – answered on 4th February 2021.

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Photo of Pat McFadden Pat McFadden Shadow Economic Secretary (Treasury)

To ask the Chancellor of the Exchequer, whether fraud is an agenda item for the memorandum of understanding to be negotiated between the UK and the EU on financial services; and if he will make a statement.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

We have committed, with the EU, to agreeing a Memorandum of Understanding to establish a framework for regulatory cooperation. This will allow for ongoing bilateral exchanges of views and analysis relating to regulatory initiatives and other issues of interest. This is not a prescriptive or exhaustive approach and will allow for discussions on a range of regulatory issues which are of common interest.

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