Investment Banks: Client Protection - Question

Part of the debate – in the House of Lords am 3:22 pm ar 13 Mehefin 2018.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Lord Lee of Trafford Lord Lee of Trafford Democratiaid Rhyddfrydol 3:22, 13 Mehefin 2018

I hear what the Minister says but I ask him to look again at this situation. I do not think that he quite appreciates the seriousness of it. Unless this loophole is closed, the clients of small and medium-sized broking firms—very well-run broking firms—will leave those firms and go to larger ones. That is already happening, so will the Minister please look at this matter again?