Contributions
958 recent contributions in Hansard
HANSARDCentral Bank Digital Currencies (Economic Affairs Committee Report)My Lords, I also had the privilege of sitting on the Economic Affairs Committee for the development of this report under the excellent chairmanship of the noble Lord, Lord…02 Feb 2023HANSARDFinancial Services and Markets BillIf I could just interrupt, the noble Baroness might want to go back and take a look at the MREL rules. It is in the UK that smaller banks got loaded up with the MREL requirement.…01 Feb 2023HANSARDFinancial Services and Markets BillMy Lords, I start by speaking to my own two amendments in this group and will then move on to winding for the Liberal Democrats. In a sense it is quite pertinent that I follow the…01 Feb 2023HANSARDFinancial Services and Markets BillThe noble Earl may find that this is already a requirement of the regulator, but this is not about that. If the amendment were taken in the way that I suspect the noble Earl reads…01 Feb 2023HANSARDFinancial Services and Markets BillMy Lords, I take serious note of the comments of the noble Viscount, Lord Trenchard, because they reflect my fear that the amendments in the names of the noble Earl, Lord…01 Feb 2023HANSARDFinancial Services and Markets BillThank you. We are desperately trying to work out what we do to remain winding speakers but, thanks to the flexibility, that is allowed in Committee. It disappears at Report, but…01 Feb 2023HANSARDFinancial Services and Markets BillWould an MRA covering these issues be enabled only if an equivalence decision had already been provided by the Treasury? In other words, are these only for countries whose…01 Feb 2023HANSARDFinancial Services and Markets BillI will add one more piece to the response from the Minister—one more request. I just want to double-check what she said. She said that small businesses could go to the FOS and…30 Jan 2023HANSARDFinancial Services and Markets BillMy Lords, with three outstanding speeches, I have very little to add other than to say that I very much support this. However, I have a question for the Minister. I was just…30 Jan 2023HANSARDFinancial Services and Markets BillMy Lords, I take a slightly different view on the two amendments in this group. I say to the noble Baroness, Lady Noakes, on her amendment that I am entirely sympathetic to the…30 Jan 2023HANSARDFinancial Services and Markets BillMy Lords, this has been such an enjoyable debate, although I fear that the Government may not be listening as much as they should. When I first looked at this Bill, I was…30 Jan 2023HANSARDFinancial Services and Markets BillI am sorry but can I ask the Minister a specific question? The Blackmore Bond case was a massive abuse in the mini-bonds scandal when 2,000 people lose something like £46 million.…30 Jan 2023HANSARDFinancial Services and Markets BillMy Lords, my noble friend Lady Bowles’ speech was so powerful that I saw a lot of heads nod, but perhaps that has discouraged other noble Lords from standing up to speak on this…30 Jan 2023HANSARDFinancial Services and Markets BillMay I just have clarity? The Minister said, “Only where an unregulated firm undertakes an authorised activity”. Blackmore Bond was selling mini-bonds, which was not a regulated…30 Jan 2023HANSARDFinancial Services and Markets BillMy Lords, the last group of amendments and this one are not identical and cover different aspects of abuse by financial institutions. Were the Government to accept them, together,…30 Jan 2023HANSARDFinancial Services and Markets BillMy Lords, in light of all the pressures we have—the speeches were so brilliant—I will not try to add to them, other than to say that I very much support the amendments in this…30 Jan 2023HANSARDFinancial Services and Markets BillPerhaps the Minister would confirm that the only cases in which the BBRS will intervene is where the bank complained against is Barclays, Danske, HSBC, Lloyds, NatWest, Santander…30 Jan 2023HANSARDFinancial Services and Markets BillMy Lords, I shall speak only very briefly, because I have a great deal of sympathy with the proposition that the noble Baroness, Lady Noakes, puts before us. The resistance in the…25 Jan 2023HANSARDFinancial Services and Markets BillMy Lords, I must agree with every word that the noble and learned Lord, Lord Thomas, has just said. I thank my colleague and noble friend Lord Sharkey for putting this amendment…25 Jan 2023HANSARDFinancial Services and Markets BillI apologise; it was the noble Baroness, Lady Noakes. I have attacked the wrong conspirator, as it were. I say to her that my concern, from listening to various people argue for…25 Jan 2023