§ Mr. Gardiner
To ask the Chancellor of the Exchequer what assessment he has made of compliance by banks in the United Kingdom with the Cross-Border Payments Regulation adopted by the United Kingdom on 1 July 2002. 
§ Ruth Kelly
The Cross-Border Payments in Euro Regulations 2003 provide for civil proceedings and create criminal offences for breaches of the Regulation on cross-border payments in euro. The Association for Payment Clearing Services has produced compliance guidelines for the banking industry. My officials will contribute to the report on the impact of the Regulation which the European Commission is required to produce by 1 July 2004.