Contributions
1,586 recent contributions in Hansard
HANSARDFinancial Services Bill (Sixth sitting)One of the things that concerns us most about where we are going with Brexit is the risk of trade disputes. We need only look at how one dispute can overspill into another, such…24 Nov 2020HANSARDFinancial Services Bill (Sixth sitting)I beg to move amendment 38, page 63, line 5, in schedule 2, at end insert— “(ba) the likely effect of the rules on trade frictions between the UK and EU, and”. This amendment…24 Nov 2020HANSARDFinancial Services Bill (Sixth sitting)I appreciate the work that the Minister and other Ministers are doing in this area, but does he accept that he if puts it into the legislation, he might actually have less work to…24 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q Even when fines ought to be due, they are not enforced. I ask periodically about Scottish limited partnerships and how many people have been fined for failing to register a…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q The briefing that you provided on the Bill mentions referring any disputes to the Financial Ombudsman Service. Can you tell me a bit more about how that works at the moment and…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q Are there any other risks to consumers within the UK from this move? Hugh Savill: I never say never, but all the people who operate in the British market are subject to the…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q Do you think that consumers are aware of where their insurance policies are coming from? Will this lead to people thinking about that a little bit more? Hugh Savill: Some of…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q I am just curious because you said that, for the regime to fully work for customers, situations such as this need to be clarified. I thought that you were asking for further…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q Thank you, Dr Huq. I agree with a lot of what you have said, Duncan. Having served on the Joint Committee on the draft Registration of Overseas Entities Bill, I am also hugely…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q Indeed. I remember from previous conversations about the overseas territories and Crown dependencies that they were essentially turning things back on to us and saying, “Get…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q I absolutely agree. You talked about the outsourcing of regulation. Do you think Parliament needs to have more of a role in terms of scrutiny, rather than handing things over to…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q Is there more that could be done in the Bill to open up trusts and make them more open to scrutiny? Duncan Hames : I think trusts are intended to be in the scope of the…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q An issue that I have around SLPs and enforcement is the fines. Is there work to be done within the scope of the Bill to increase fines in any of the parts mentioned? You…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q I would like to thank Finance Innovation Lab for the briefing, which was really quite interesting and a different approach. Pat has hoovered up some of the questions that I was…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q In terms of saving for people who are at the margins, have you any thoughts about the Help-to-Save scheme and the measures on that? Fran Boait: I welcome the Help-to-Save…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q Lastly, Jesse, I think the phrase you coined, accountability deficit, is quite useful. Can I ask a wee bit more about the risks that moving everything over to the regulators…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q I just have a couple of questions. You mentioned that insurance is the largest area; are there any other aspects of financial services that require any further legislative…19 Nov 2020HANSARD Business of the HouseAs we head into phase 4 lockdown in Glasgow on Friday, this is a really difficult time for small businesses such the Velvet Moon gift shop in Finnieston, the magical Big Top toy…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q I am happy to let other Members come in if they have questions, rather than hog the platform. There were some comments on equivalence in the briefing you put together. Can you…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q What further information do you think would be required for people who have invested, to give them further reassurance? Hugh Savill: I think they should have enough reassurance…19 Nov 2020