§ Mr. LazarowiczTo ask the Chancellor of the Exchequer what steps he is taking to ensure that the Financial Services Authority helps credit unions meet the new regulatory framework. [48632]
§ Ruth KellyThe FSA recognises that transition to the new regulatory environment will be challenging for some credit unions. That is why, last autumn, Sir Howard Davies outlined to me a strategy for facilitating transition through a Credit Unions Support Programme: a proposal to which I gave my full support, and one which FSA has now brought to fruition.