Collateral (UK): Insolvency

Treasury written question – answered on 15th September 2021.

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Photo of Daisy Cooper Daisy Cooper Liberal Democrat Spokesperson (Education)

To ask the Chancellor of the Exchequer, what recent discussions his Department has had with the Financial Conduct Authority on the collapse of Collateral (UK) Limited.

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

Ministers and officials have had no recent discussions with the FCA on the collapse of Collateral (UK) Ltd.

The FCA is an independent regulator responsible for overseeing the peer to peer lending sector and preventing firms from carrying out unauthorised activity. Investigations into individual firms’ activities are a matter for the FCA.

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