Lord Luce – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Luce on 2016-04-19.

To ask Her Majesty’s Government what criteria govern the regulation of financial services in Crown Dependencies and British Overseas Territories.

Lord O’Neill of Gatley

The regulation of financial services are domestic responsibilities of the governments of the Crown Dependencies and the Overseas Territories. In line with its status Gibraltar complies with applicable EU law. The Crown Dependencies and other British Overseas Territories are encouraged by the UK to meet internationally agreed standards.