PARLIAMENTARY WRITTEN QUESTION
Foreign Exchange (10 July 2017)

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 5 July 2017 to Question 2292, whether he plans to publish the results of the research on foreign exchange (a) separately from the Government's response to the consultation, (b) in conjunction with the Government's response to the consultation or (c) not at all; if he will bring forward amendments to the draft Payment Services regulations as a result of the findings; and if he will make a statement.

Asked by:
Ian Murray (Labour)

In my answer of 5 July I stated that the Government was conducting research on the effects of transparency in overseas money transfers (involving foreign exchange), on consumer decisions. This research will help to inform the Government’s response to the consultation on the implementation of the second Payment Services Directive. The Government will need to weigh up the benefits of requiring greater transparency with other considerations, such as the Government’s approach to implementing maximum harmonising Directives.

The Government’s consultation response will be published shortly. However, the Government does not intend to publish the research at this point in time as it relates to the formulation and development of ongoing government policy

Answered by:
Steve Barclay (Conservative)
13 July 2017