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United Kingdom · Question · Written question

UIN 102779

Wirecard: Insolvency

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

13 October 2020

Last action

21 October 2020 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

21 October 2020

Summary

To ask the Chancellor of the Exchequer, if he will make an assessment of the implications of the Wirecard collapse for (a) UK financial regulation and (b) future financial services regulation.

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Timeline

  1. 13 October 2020

    Written question

    To ask the Chancellor of the Exchequer, if he will make an assessment of the implications of the Wirecard collapse for (a) UK financial regulation and (b) future financial services regulation.

    Source: Commons

  2. 21 October 2020

    Answer

    The German merchant acquirer Wirecard AG entered administration in June. It has a UK subsidiary, Wirecard UK, which is authorised and regulated by the Financial Conduct Authority (FCA). The FCA ensures that payments firms make suitable safeguarding arrang...

    Source: Written answer

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