Contributions
824 recent contributions in Hansard
HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, Amendment 2 is a probing amendment. It would delete new Section 214E(2)(b) of FSMA. Under new subsection (2), a “recapitalisation payment” includes the cost of…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I am not sure who the “it” was.05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I have Amendment 5 in this group, to which I will speak. I regret that I was unable to take part at Second Reading in July, but I have read the Hansard report of the…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, before the noble Baroness decides what to do with her lead amendment, I will raise two points. The first is that the noble Lord referred fairly briefly to the code of…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, first, many thanks go to the noble Lords who supported my amendment. I thank the Minister for his response but, with the greatest respect, he did not go much beyond what…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, it is me again, I am afraid. That is the trouble with getting enthusiastic about amendments during recess—you pay for it when you get back. Amendment 3 is a probing…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]Okay. We understand that the Bank has to make these decisions. The issue is what there is to provide a check or balance on the Bank. That has not been addressed by the Minister. I…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]That means you were not thinking about it, but you might think about it, so I will leave that for the time being. I remain uncomfortable at the scale of the powers that the Bank…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, this is another probing amendment. In this, I want to probe the circumstances in which the Treasury believes it would be appropriate for the UK banking industry to stump…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I thank noble Lords who have taken part in this debate. I found what the Minister said very helpful. What the noble Lord, Lord Eatwell, said, was also helpful, although I had…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I rise to move Amendment 6. Noble Lords will be pleased to know that I get a bit of a break after this one. This amendment would require the Bank of England to obtain Treasury…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I thank all noble Lords who have taken part. The predictions made by my noble friend Lady Vere on the content of the noble Lord’s response were pretty accurate in…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, as the noble Lord, Lord Vaux, has said, I have Amendment 14 in this group. In substance, it is the same as the noble Lord’s amendment. The only real difference, as he…05 Sept 2024HANSARDHolocaust Memorial BillMy Lords, the issues have already been brilliantly explained by the noble Baroness, Lady Deech, and other noble Lords. As has been noted, there is no disagreement about the value…04 Sept 2024HANSARDKing’s Speech (4th Day)My Lords, in 2010 the outgoing Chief Secretary to the Treasury left a note for his successor saying there was no more money. Despite the massive challenges of the pandemic and the…22 Jul 2024HANSARDEconomic Activity of Public Bodies (Overseas Matters) BillMy Lords, the noble Baroness, Lady Drake, explained her Amendment 27 with great clarity, but I am afraid that I do not agree with her analysis of the problem, nor do I agree with…14 May 2024