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Kramer quizzes Sassoon on Private Capital Investment

December 23, 2011 12:16 PM

• [Dec 20] Baroness Kramer (Liberal Democrat): MY Lords, the Minister will be aware that the banking industry is not serving this aspect of investment particularly well and that barriers to entry are limiting new banks. Is he therefore observing the growth of peer-to-peer lending and will he give us some assurance that those new lenders entering the market will be appropriately regulated but not to the point of being stifled?

c1662)

Lord Sassoon (Commercial Secretary, HM Treasury; Conservative): My Lords, we are very interested in anything that keeps credit flowing. However, although my noble friend is very good at reminding us of that issue, we are getting a bit far away from fiscal measures.

• Full Debate in Parliament

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