Contributions
607 recent contributions in Hansard
HANSARDFinancial Services and Markets BillMy Lords, I may have had the unique experience among us here of having to chair the committees that did some of the anti-money laundering directives. It is right that the noble…13 Mar 2023HANSARDFinancial Services and Markets BillThis may not be something that the Minister can answer straightaway, but she has just finished by saying that the law enforcement agencies still wanted to keep the provisions. It…13 Mar 2023HANSARDFinancial Services and Markets BillSo I cannot reconcile what the Minister has just told us with what is in FATF. If it needs detailed and arduous explanation, I am quite happy to have it in writing, but on the…13 Mar 2023HANSARDFinancial Services and Markets BillThis goes back to when the Minister mentioned the FATF provisions. I thought she mentioned the risks in business relationships. All the stuff we get as PEPs is our personal stuff;…13 Mar 2023HANSARDFinancial Services and Markets BillFollowing on from what has just been said, I would quite like the Minister to rephrase what she said: that we are at greater risk of money laundering. I cannot let that stand on…13 Mar 2023HANSARDFinancial Services and Markets BillI can let stand that we might, in some instances, be at greater risk of being targeted for various things, and I hope that we also have a greater capacity for repelling such…13 Mar 2023HANSARDFinancial Services and Markets BillI am sorry to interrupt, but I find it slightly strange that the Minister is saying the Government will continue to interact with us. All that that interaction has been so far is…01 Mar 2023HANSARDFinancial Services and Markets BillMy Lords, I am speaking later than I would have in the debate, due to the absence of my noble friend Lady Kramer. The Committee will be pleased to know that I shall not try to say…01 Mar 2023HANSARDFinancial Services and Markets BillWill the Minister clarify what the questions were in the consultation? My recollection was that it was relatively open. Obviously, at that stage, industry was focused on its very…01 Mar 2023HANSARDFinancial Services and Markets BillPerhaps I could intervene on this important point. In the first consultation, there were some respondents—I confess, I was one of them—who put forward notions of there being…01 Mar 2023HANSARDFinancial Services and Markets BillI think the Minister has just said that she will engage but that the answer is still “no”.01 Mar 2023HANSARDFinancial Services and Markets Bill20 Feb 2023HANSARDFinancial Services and Markets BillMy Lords, I have two rather modest amendments in this group. They are again part of my drawing attention to the fact that there needs to be accountability to Parliament. All they…20 Feb 2023HANSARDFinancial Services and Markets BillI do not know whether the Minister is going to come on to this, but I hope she will also say something about what I called the consequences of scrutiny and what my noble friend…20 Feb 2023HANSARDFinancial Services and Markets BillMy Lords, I am afraid that the Minister has not given me any reassurance. I think the only thing I have learned is that the Treasury is all at sea and does not understand what…20 Feb 2023HANSARDFinancial Services and Markets BillI thank all noble Lords who have spoken in this debate. I will reply to some of the points, but I will start with the Minister’s response. I am a little disappointed in two…20 Feb 2023HANSARDFinancial Services and Markets BillMy Lords, I strongly support the proposals for a Joint Committee. As ever, the noble Baroness, Lady Noakes, has researched this well. I know she has been looking at it for a long…20 Feb 2023HANSARDFinancial Services and Markets BillYes, I think that is correct.20 Feb 2023HANSARDFinancial Services and Markets BillMy Lords, it is a pleasure to open day five in Committee on the Bill. First, I will relay apologies from my noble friend Lady Kramer, who is not in her place, having had knee…20 Feb 2023HANSARDFinancial Services and Markets BillMy Lords, this is probably an appropriate time to remind the Committee that I am a member of the international Systemic Risk Council and a director of the London Stock Exchange.…20 Feb 2023