Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what discussions his Department has had with the Financial Conduct Authority on the effectiveness of the Payment Services Directive in tackling online fraud.

Treasury Ministers and officials meet with a wide range of organisations as part of the usual policy making process.

As part of the ongoing negotiations on the revised Payments Service Directive, HM Treasury has been engaging closely with the Financial Conduct Authority. This has been to ensure that the UK fulfills its objectives by supporting a clear, proportionate and effective Payment Services Directive II, which aims to promote competition, transparency and greater protection for consumers, including protections against online fraud.

It might be useful to know that the Treasury publishes a list of ministerial meetings with external organisations. This is available online at: http://www.hm-treasury.gov.uk/minister_hospitality.htm.