Contributions
824 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill [HL]In Committee, it is normal to address the amendments and not opposition parties’ policy documents.08 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I have some experience of ring-fencing as, in my capacity as the chairman of the risk committee of a major bank, I oversaw the implementation of ring-fencing. At that…08 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I understand the point that the noble Lord is trying to make, but I argue that the risk of the taxpayer picking up the tab is now considerably lower, which means that it…08 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I will just comment briefly. I completely agree with the notion that wholesale markets and retail markets should be dealt with separately for the reasons that have been…06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]The Minister referred to the four workstreams that the Chancellor set up last year. Can he say when firms might feel any difference?06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]I am merely keeping to what I said on the first Committee day.06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I am grateful to the noble Baroness, Lady Bowles of Berkhamsted, the noble Lord, Lord Vaux of Harrowden, and my noble friend Lord Bridges of Headley for adding their…06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I thank all noble Lords who have taken part in this short debate. I know that it is, in part, a repeat of debates we have held already in Committee, but it is bringing…06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]Not content.06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]The Minister and I had a meeting on this last week, so I am surprised that he is raising the issue today. I notified on Friday that I would be continuing the line that I had taken…06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]Not content.06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, in moving this amendment, I will speak also to Amendment 153 and the Clause 37 stand part notice. I am instinctively suspicious of Clause 37 because I think that the…06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]Before I decide what to do with my amendment, I ask the Minister—because I may not have been paying attention—whether he explained why there is a requirement to consult the…06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]The Minister is stacking up rather a lot of letters that need to be written. I thank all noble Lords who have spoken in this debate. It raises important issues. The Minister said,…06 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I have Amendment 118 in this group. As the noble Baroness, Lady Bowles, noted, it is aimed at the same target as her Amendment 117. Both of us are focusing on the…01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I thank the noble Lord, Lord Vaux, for adding his name. Unfortunately, he is not able to be in Committee today. The amendments in this group concern cost benefit panels,…01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I thank all noble Lords who have spoken today and the previous day. These amendments all relate to the secondary competitive and growth objective. I think that we share…01 Jul 2026