Contributions
958 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill [HL]Can I just check whether it is looking through the lens of treating financial stability as only a “have regard”? Is that what the Minister is saying? The amendment says…01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I am absolutely delighted with these two amendments from the noble Lord, Lord Holmes. To begin with Amendment 126, I have long been, as he has, a real supporter of open…01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, the noble Lord, Lord Pitt-Watson, was rather generous in his comments. Sometimes it is important to speak truth to power. This is a lowest common denominator strategy.…01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]I probably have a right to reply, because it is Committee and we can speak more than once. The noble Lord, Lord Bridges, and I often find a whole lot of common ground, and I agree…01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I am sure everyone has reread the Hansard transcript and is fully on top of the debate that took place on Monday, so I will attempt to keep my remarks brief. I am…01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I shall be extremely brief on this. I and my colleagues take the position that from this collection of amendments in the name of the noble Baroness, Lady Bowles, and the…01 Jul 2026HANSARDPension Access Rules: Impact on Terminally IllMy Lords, I am very glad to hear the words of the Government and the Minister on this issue, because it is an issue where remedy is absolutely required. I add an additional point,…30 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I very much support the two amendments of my noble friend Lady Bowles. There is often an assumption that those of us who feel that regulation plays an important role have no…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I did not intend to speak in this debate because the case has been put so well. However, having heard the noble Baroness, Lady Bi, I want to join the conversation…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I shall be exceedingly brief because the position of my party has been so well-voiced by my noble friends Lady Northover and Lady Sheehan, and there is a great deal more to say in…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I am not on the committee, so I cannot answer that particular question—I am sure others would be able to consider this issue. However, if the noble Baroness thinks that, because…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I will speak briefly in general across this set of amendments and specifically to Amendment 141 in my name, supported by the noble Baroness, Lady Altmann. In the general…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Let me ask a direct question of the Minister. He referred to the actions that he expects from the FCA. I take it at its word, with its five-year strategy, but I cannot find any…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]What if the change had been in the other direction and had added an additional £100 pounds? Would the FCA have been in a position to decide that that was not material for…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I always join in celebrating success but, from our perspective, this is a pivot moment away from what has been the practice and emphasis over the past several years. Indeed, as…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]If I understood the Minister correctly—do correct me if I am wrong—the FCA or the PRA will have the opportunity to provide guidance if they deem it necessary. But if they choose…29 Jun 2026HANSARDCovid FraudMy Lords, fraud during Covid—heinous though it was—was carried out mainly by individuals and individual firms. Do the Government accept that, with AI, the character of fraud has…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Is the Minister suggesting that, in dealing with the long-term strategy, there will be the same level of detail as is normally provided in guidance? I am somewhat confused when he…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I will of course withdraw this amendment, but I wanted to get this issue on the agenda, and we need to continue to do so. I say to the Government: do not be complacent…24 Jun 2026