Contributions
607 recent contributions in Hansard
HANSARDBank Resolution (Recapitalisation) Bill [HL]I know that the notes have no effect, but those regarding Clause 4(3) say that it “amends section 12AA … to allow the Bank to take into account the funds provided by the FSCS when…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I thank everybody who has spoken in this debate. Not surprisingly, we have had quite a lot of good points. I am still not reassured that the Bill’s scope is right. I understand…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I only need to say briefly that I am in agreement with the noble Baroness. This is drafted too widely. Part of me thinks that some of this should be covered by the ordinary…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]The noble Baroness, Lady Noakes, made a good point. I agree entirely with what the noble Lord, Lord Vaux, said. I raised double-dipping at Second Reading and got the answer,…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I will just comment that we have seen capital being sucked out of subsidiaries and taken back to the States and have been left with the collapse here. Basel accord or not, there…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I did not speak earlier because all the points I wanted to make were picked up, but there are two things on which I wish to comment. We have a change now in that, before, the…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]The point that I am trying to get to with Amendment 7 is, again, more transparency around what the public interest issues are. It is fairly reasonable to say that, of course, the…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I thank the Minister for that response. Again, I make the point that, through the Bill, we are changing from an inherent public interest in public money into using private money…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]The noble Baroness, Lady Noakes, asked why I allowed my amendment to be grouped in this way. I was simply trying to expedite matters for us and I thought we did not need another…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I welcome the Bill, as I do the recognition that resolution, rather than insolvency, can be a better public interest solution for smaller banks, or at least for some…30 Jul 2024HANSARDEuropean Investment BankMy Lords, there are substantial links through the financial sector, legacy projects and joint development funding with the EIB at present, and I think there are opportunities that…24 Jul 2024HANSARDKing’s Speech (4th Day)My Lords, I declare my interests in the register, in particular as a director of the London Stock Exchange. Like other noble Lords, I welcome the new Ministers to their place. I…22 Jul 2024HANSARDAlternative Investment Fund Designation Bill [HL]My Lords, I declare my interest as a non-executive director of the London Stock Exchange, and as a shareholder in investment trusts. I thank everyone who has involved themselves…10 May 2024HANSARDAutomated Vehicles Bill [HL]My Lords, this Bill is a technical framework, with the detail largely to follow in regulations. We on these Benches have been generally supportive throughout the passage of the…08 May 2024HANSARDSpring Budget 2024My Lords, I declare my interests as in the register. The economy is in the doldrums, which gave the Chancellor little room for manoeuvre. I will address two mendable reasons for…18 Mar 2024HANSARDAlternative Investment Fund Designation Bill [HL]My Lords, I declare my financial services interests as in the register. I congratulate the noble Baroness, Lady Altmann, on her speech and on the great energy that she has put…01 Mar 2024HANSARDAlternative Investment Fund Designation Bill [HL]I will exercise my privilege to continue, if the House is willing. It is necessary for such an important subject. The FCA alleges that it cannot change the rules to undo the…01 Mar 2024HANSARDAlternative Investment Fund Designation Bill [HL]I am sure that my interruption is unwelcome, for which I apologise, but it is quite important. Further consultations have been measured and, as my noble friend Lady Kramer pointed…01 Mar 2024HANSARDAutomated Vehicles Bill [HL]06 Feb 2024HANSARDAutomated Vehicles Bill [HL]I thank the Minister for his explanations. I am a little further forward, in that I understand Clause 95(2). I am not sure that I agree with what he said would be the effect of…06 Feb 2024