§ Mr. FrenchTo ask the Chancellor of the Exchequer (1) what appraisal he has made of the advantages and disadvantages of a single regulatory body to oversee financial services;
(2) what appraisal he has made of the advantages and disadvantages of a single regulatory body to oversee wholesale investment markets.
§ Mr. NelsonResponsibility for the regulation of financial services passed to me on 7 June 1992. No changes are planned as a result of the transfer, but I shall, of course, keep the effectiveness of the regulatory system under review.