Contributions
1,280 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill (Eighth sitting)I thank the hon. Members for West Dunbartonshire and for Hampstead and Kilburn for raising those points. I look forward to hearing the debates about the new clauses that have been…01 Nov 2022HANSARDFinancial Services and Markets Bill (Eighth sitting)The Government are a strong supporter of the mutuals sector, and recognise the unique role that credit unions play in their communities. Clause 63 introduces schedule 14, which…01 Nov 2022HANSARDFinancial Services and Markets Bill (Eighth sitting)Yes. If that is not correct, I will write to members of the Committee, but my understanding is that all the measures that we have been talking about cover the scope of the Payment…01 Nov 2022HANSARDFinancial Services and Markets Bill (Eighth sitting)I can confirm to the Committee that, because the measure relates to all payment systems that fall within the remit of the Payment Systems Regulator, the measure is not confined…01 Nov 2022HANSARDFinancial Services and Markets Bill (Eighth sitting)I am sorely tempted, but I will resist the urge to rise to that. If my officials can find the report to which the hon. Member for Wallasey refers, I will look at it, and outwith…01 Nov 2022HANSARDFinancial Services and Markets Bill (Eighth sitting)I give way to the hon. Lady.01 Nov 2022HANSARDFinancial Services and Markets Bill (Eighth sitting)I wish the hon. Gentleman was attentive to what I was saying. That was not what I said; I did not use the word “promote” in any way. I said it was an impediment. Clause 62…01 Nov 2022HANSARDFinancial Services and Markets Bill (Eighth sitting)I will happily give way to my colleague, who I think, unlike the Opposition, still wants to be part of the European Union.01 Nov 2022HANSARDFinancial Services and Markets Bill (Eighth sitting)I will be brief. We all join hands in taking any action that we can against fraudsters. It is a terrible crime, and one that is on the rise, and the Government will do everything…01 Nov 2022HANSARDFinancial Services and Markets Bill (Eighth sitting)There is not a direct relationship between the recent turbulence in the gilt market and the Bank. The clauses will deliver a more reliable income stream to the Bank to fund its…01 Nov 2022HANSARDFinancial Services and Markets Bill (Eighth sitting)It is a pleasure to serve under your chairmanship, Mr Sharma. Clauses 60 and 61 deliver on the Government’s commitment to replace the Bank of England’s cash ratio deposit scheme…01 Nov 2022HANSARD Co-operatives, Mutuals and Friendly Societies BillMy hon. Friend is familiar with the process for establishing the final Law Commission review. I will undertake to keep him and the hon. Member for Preston informed as we move…28 Oct 2022HANSARD Co-operatives, Mutuals and Friendly Societies BillIt is always a pleasure to follow the hon. Member for Hampstead and Kilburn (Tulip Siddiq). May I congratulate my hon. Friend the Member for Thirsk and Malton (Kevin Hollinrake),…28 Oct 2022HANSARD Co-operatives, Mutuals and Friendly Societies BillFor the moment!28 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)Stablecoins and central bank currencies are both new forms of money. They differ in the issuer: a central bank versus a private issuer. It is likely that a central bank digital…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)I thank the hon. Members for Hampstead and Kilburn and for Wallasey for their points. We must be alive to the risk of producer capture, and these clauses are a real step forward…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)I beg to move amendment 3, in clause 36, page 49, line 31, leave out “and the regulatory principles in section 3B,” and insert— “(ba) demonstrate that the FCA has had regard to…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)I will speak first to clause 36 and then turn to Government amendments 3 and 4. Parliament, through primary legislation, sets the overall approach and institutional architecture…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)The hon. Lady will forgive me, but I cannot give an indication of timing. However, I will undertake to engage with the Treasury Committee, whose acting Chair is with us today, as…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)The hon. Member for Hampstead and Kilburn is right about the significance of the European Union member states as trading partners for our financial services. It remains the…27 Oct 2022