§ Mr. CousinsTo ask the Chancellor of the Exchequer if he will make a statement on the regulatory framework for the supervision of financial institutions in each of the Crown dependencies. [46493]
§ Mr. Mike O'BrienI have been asked to reply.
A review of the financial legislation and regulatory systems in the Channel Islands and the Isle of Man is currently taking place. The review is being conducted by Mr. Andrew Edwards, formerly of Her Majesty's Treasury. His report is expected later this year.