Contributions
607 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill [HL]My Lords, I thank all those who have spoken in this debate, in particular the noble Baroness, Lady Noakes, for her last intervention; I presume that the Minister had finished…01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, in moving this amendment, I shall speak also to Amendment 123 in my name. As I have said before in Committee, when we have been talking about proportionality, it is at…01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I still think that there is a missing link here, but I heard what the Minister said and it is what I was expecting: the Government are frightened that this would look as…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, before turning directly to proportionality, I will touch briefly on sustainable growth, because its meaning has drifted over time. Sustainable growth was not part of…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, oppose Clause 17 standing part of the Bill. Before turning to the detail, I will explain how Clauses 16, 17 and 18 fit together. They are not independent clauses. They…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]In a way, it is a pity that I tabled this amendment, because it would probably be a whole lot more informative for us to go straight on to Clause 18. However, Amendment 88 would…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, this is the third of the trio. Clause 18 is a deletion clause, the final clause in the trio that removes consideration of the regulatory principles from the context of…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]The Minister keeps saying that these things should not be in primary legislation, but they are in primary legislation, and they stay in primary legislation. Even if you try to…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]The Minister mentioned taking away regulatory burdens, but the Government are actually taking away regulator burdens. They are not the same thing.29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I am sorry, but if you change something in primary legislation and rub out what is happening in existing processes, you have changed it. You cannot change something at a higher…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Why not?24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I do not understand what happens when the strategy is right but the rules are wrong. What happens then? That does happen. We have, as I have called it before, the example that…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I will speak to Amendments 72 and 75 and to my opposition to Clause 16 standing part of the Bill. I also support the other amendments in this group and their intentions:…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I shall speak to my Amendment 48. It addresses a simple but important point: the quality of regulation depends on the quality of consultation. At present, consultation…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]On that point, it seems to me that nothing is being done to challenge the burden of regulation on firms—instead, the obligations on the regulator are being reduced. When you…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, my Amendment 34 again concerns symmetry of enforcement and redress periods. The Bill introduces a 10-year hard stop on complaints to the Financial Ombudsman Service, but…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I would like to join in this discussion because it is probing thoughts. I shall make a few comments on Amendment 17A, because the issue overlaps with an amendment of mine that…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I shall speak briefly to Amendment 30 in my name, which would introduce a fiduciary-style duty on firms in their dealings with consumers and small businesses. This group…22 Jun 2026