Lord Luce – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Luce on 2016-04-19.

To ask Her Majesty’s Government what assessment they have made of which Crown Dependencies and British Overseas Territories, if any, fall short of the required standards for the regulation of their financial services.

Lord O’Neill of Gatley

The regulation of financial services are domestic responsibilities of the governments of the Crown Dependencies and the Overseas Territories. The Crown Dependencies and other British Overseas Territories are encouraged by the UK to meet internationally agreed standards and assessed according to the relevant international practice.