FINANCIAL CONDUCT AUTHORITY

That this House is aware that the Financial Services Bill will change how in future the financial services industry is regulated in the UK; believes it is therefore very important that its new regulatory body, the Financial Conduct Authority, should be strong, open and proactive; recalls that the Milo image adopted by the consumers' organisation, Which? as part of its Watchdog, not Lapdog campaign in support of such a role for any justice regulator, defeated 200 other concepts in the contest to become the face of such a service; and is therefore confident that the Milo concept represents the necessary attributes of strength, openness and proactively delivering the ingredients to meet the industry's requirements in full.