§ 2.44 p.m.
§ The Question was as follows:
§ To ask Her Majesty's Government whether the appointment of a banking ombudsman would improve consumer protection.
§ Lord Brabazon of TaraMy Lords, the banking industry announced in February its intention to establish a banking ombudsman, following a recommendation by the National Consumer Council. The Government welcome this initiative, which can be expected to be in the interests of consumers.
Baroness SharpiesMy Lords, I thank my noble friend for that reply. When will the ombudsman be appointed? And can my noble friend say whether it was pressure brought by the Consumer Council and other organisations which persuaded the banks that this was a good idea?
§ Lord Brabazon of TaraMy Lords, the announcement followed a recommendation in the National 606 Consumer Council's report on banking services and the consumer, published in 1983. It is, I think, hoped that the ombudsman will be in operation by the end of the year.