Financial Markets and Services Bill, Report Stage

The Financial Services and Markets Bill establishes the post-Brexit regulatory regime for the finance sector. I voted for a number of New Clauses to the bill. 

New Clause 1 would have introduced a national fraud strategy and data sharing arrangement. I voted for the new clause, which was not passed, Ayes: 205 and Noes 282.

New Clause 2 would have required the Treasury and FCA to undertake a review into access to in-person banking services, and set a minimum level of access that banks and building services must provide. I voted for the new clause, which was not passed, Ayes: 204 and Noes 278.

New Clause 7 proposes that the Treasury must make provision to guarantee a minimum level of cash access, and that this is free. As it stands, a quarter of cash machines charge people to access their own money.  I voted for the new clause, which was not passed, Ayes: 206 and Noes 271.