Lord Watts
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Lord Watts Excerpts(1 year, 3 months ago)
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Lord Sharpe of Epsom (Con)
The noble Baroness makes an interesting point, which I will happily take back to those who are responsible for overlooking and overseeing the FCA.
Lord Watts (Lab)
My Lords, is it not the case that all our regulators are toothless tigers? What is needed is more resources and a change in legislation to give the powers to protect the public.
Lord Sharpe of Epsom (Con)
My Lords, I do not believe that they are toothless tigers. As I have said a number of times regarding capacity and resources, a great deal is being done. There will be significant improvement to the National Economic Crime Victim Care Unit over the course of this year, and I would be happy to answer more questions on that.