Contributions
958 recent contributions in Hansard
HANSARDFinancial Services BillMy Lords, I will follow my practice of trying to be brief and selective on Report. We have had absolutely brilliant speeches and I do not intend to repeat them. Perhaps I can…24 Mar 2021HANSARDBudget StatementFirst, I join in the very warm welcome to our five maiden speakers today. I also join in the reassurances that a two-minute speech is not our normal operating procedure. I hope…12 Mar 2021HANSARDFinancial Services BillMy Lords, I have taken a vow to try to be brief in all my responses today, recognising the time pressures of the day. I also listened carefully to my noble friend Lord Sharkey and…10 Mar 2021HANSARDFinancial Services BillMy Lords, in many of the groups of amendments to the Bill we have discussed the issue of accountability, and it has been a very important discussion. However, we have also…10 Mar 2021HANSARDFinancial Services BillMy Lords, I am going to be very brief again on this issue, because I cannot pretend that it is my area of expertise. I remember the period when George Osborne was very proud of…10 Mar 2021HANSARDFinancial Services BillMy Lords, I need to spend more time, frankly, trying to understand the amendment. I would be genuinely shocked if Ministers interfered with an investigation of any of the…10 Mar 2021HANSARDFinancial Services BillMy Lords, I very much agree with the noble Lord, Lord Sikka, that regulatory capture is a real risk. We certainly saw that prior to the 2008-09 crash, and many people would say…10 Mar 2021HANSARDFinancial Services BillMy Lords, first, I have to correct an error I made in the last group of amendments. I referred to the HBOS Reading scandal when I was talking about the Promontory report, and of…10 Mar 2021HANSARDFinancial Services BillI was in the middle of saying that we need the FCA to be much more aggressive and transparent in its pursuit of wrongdoing within the financial services industry. I gave the…10 Mar 2021HANSARDFinancial Services BillMy Lords, after all those excellent speeches, I shall try to be brief but I need to declare my interests in the register because they apply to this group of amendments. Fintech is…10 Mar 2021HANSARDFinancial Services BillMy Lords, I think I understand where the noble Baroness, Lady Bennett, is coming from. I am not sure that I personally would want to let the Treasury get its hands on an…10 Mar 2021HANSARDFinancial Services BillMy Lords, I shall begin by addressing Amendments 100 and 105, which would require reports that would be both useful and interesting. However, I want to pick up the point that was…08 Mar 2021HANSARDFinancial Services BillMy Lords, once again, I am moving outside of any area where I can claim expertise. Essentially, I have no problem with short selling in the right place and time and under the…08 Mar 2021HANSARDFinancial Services BillMy Lords, I read all the amendments in this group, and I found myself in support of every one of them. It is an excellent group. We all realise now that Amendment 136F, tabled by…08 Mar 2021HANSARDFinancial Services BillMy Lords, I will respond to the noble Viscount, Lord Trenchard. I for one would be very reluctant to go back to the pre-2008 principles-based approach to regulation that led us…08 Mar 2021HANSARDFinancial Services BillMy Lords, any one of us can go on to our smartphone and find an app for halal financing for someone who wants to buy a car or a house—they are called “halal mortgages”—or who…08 Mar 2021HANSARDFinancial Services BillMy Lords, in this area I cannot pretend to have the scope of knowledge or the expertise of my noble friend Lady Bowles or the noble Lord, Lord Sikka, but I have a great deal of…08 Mar 2021HANSARDFinancial Services BillMy Lords, this is such a fascinating group of amendments. I think I have rarely seen a group that includes such powerful and important amendments one after the other ranging from…03 Mar 2021HANSARDFinancial Services BillMy Lords, I spoke at length on the previous group, so I am going to pay penance and try to be much briefer on this one, even though this is an issue that I also care about…03 Mar 2021HANSARDFinancial Services BillMy Lords, the noble Baroness, Lady Noakes, and I very rarely seem to agree on the types of issues covered in this amendment, but on this one we are totally of one mind. I am very…03 Mar 2021