Contributions
1,280 recent contributions in Hansard
HANSARD Silicon Valley BankIt is a core focus for the Government to ensure that our scaling-up businesses get access not just to credit, but to capital at every level through their life: the Prime Minister…13 Mar 2023HANSARD Silicon Valley BankI completely agree. My hon. Friend knows a great deal about the subject, which reflects his background; he is absolutely right.13 Mar 2023HANSARD Silicon Valley BankYes, I can give my hon. Friend and the House that commitment. We will learn lessons if there are lessons that need to be learned, but we should not look past the fact that today…13 Mar 2023HANSARD Silicon Valley BankMy right hon. Friend, who does such good work for the science and technology community through his Committee, is absolutely right. The technology and life sciences sectors want…13 Mar 2023HANSARD Silicon Valley BankI thank the right hon. Gentleman for his recognition of the speed and decisiveness with which the whole Government have come together, worked together and acted to deliver this…13 Mar 2023HANSARD Silicon Valley BankI thank my hon. Friend, one of my predecessors and the Chair of the Select Committee, for her support and comments. The degree of concentration in a particular sector is…13 Mar 2023HANSARD Silicon Valley BankI think concealed within that was grudging support, and I am sure that the hon. Lady would like to add her voice to those of so many in the sector who have welcomed this…13 Mar 2023HANSARD Silicon Valley BankMy right hon. Friend speaks with great authority on these matters, and I can give her that assurance. It was constituted as a subsidiary in the UK, it had its own separate balance…13 Mar 2023HANSARD Silicon Valley BankIt is not uncommon for banks to have a particular specialism. Labour Members have worked to bring forward regulations that will help us have more credit unions, which tend to have…13 Mar 2023HANSARD Silicon Valley BankIt would not be right for me to answer on behalf of the Bank of England, if my right hon. Friend will forgive me. We have an independent regulator that looks at these matters. The…13 Mar 2023HANSARD Silicon Valley BankI cannot speak for the due diligence that was done for HSBC, but it has got itself comfortable with it. We should also understand the relative scale of HSBC, which is an…13 Mar 2023HANSARD Silicon Valley BankMy hon. Friend knows a great deal about the sector, and it is due to past reforms that we were able to take this decisive action. Parliament has given—in extremis, and with the…13 Mar 2023HANSARD Silicon Valley BankI must be very careful not to comment on matters as they relate to the United States. SVB UK was a separate bank. It was regulated here, and it was as a result of that regulation,…13 Mar 2023HANSARDFinancial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) Order 2023:Many of the rules that govern the buying, selling and organised trading of commodity derivatives and emission allowances are set out in the Markets in Financial Instruments…01 Mar 2023HANSARD High Street Bank ClosuresI congratulate the hon. Lady and pay tribute to all those who work so hard to deliver such fantastic products. To conclude, this Government are alive to and care about the changes…28 Feb 2023HANSARD High Street Bank ClosuresI thank the hon. Member, as I thank all hon. Members for their contributions to the debate. The issue we are debating is why we have urged all banks seeking to close branches to…28 Feb 2023HANSARD High Street Bank ClosuresLet me begin by thanking the hon. Member for Pontypridd (Alex Davies-Jones) for securing the debate and raising an important issue that I know is of concern to many Members’…28 Feb 2023HANSARDCo-operatives, Mutuals and Friendly Societies BillIt is always a pleasure to follow the hon. Member for Ealing North (James Murray). Today of all days, our thoughts are with the Ukrainian people. To that end, I also extend my…24 Feb 2023HANSARDCo-operatives, Mutuals and Friendly Societies BillMy hon. Friend, as well as being a doughty champion for the co-operative movement in general, is right to emphasise the voluntary element. It is right that those membership…24 Feb 2023HANSARDCo-operatives, Mutuals and Friendly Societies BillMy hon. Friend raises a point we have discussed a number of times during the Bill’s progress. It is a poster case for the need to provide some sort of protection. Without getting…24 Feb 2023