HC Deb 10 April 2002 vol 383 c264W
Mr. Lazarowicz

To 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 Kelly

The 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.