Contributions
824 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill [HL]To be clear, it is the question.01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I thank the Minister for his reply, but I do not think that it dealt comprehensively with the nature of the problem. I do not think that any of our amendments deal…01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]We are a self-regulating House, and this is such an important area that I would like to hear the end of the noble Baroness’s remarks.01 Jul 2026HANSARDFinancial Services and Markets Bill [HL]Can the Minister explain what the FCA and the PRA are doing about cumulative burden? Are they focusing on the cumulative burdens of the rules that they have assessed using a…01 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]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 will be brief because much of what needs to be said on this topic has already been said. I will not detain the Committee for long but, as I have added my name to the…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I will speak also to Amendments 100 and 102 in this group. I thank my noble friend Lady Neville-Rolfe for adding her name to Amendments 99 and 102, and I thank the noble…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]To return to the question of the 2006 Act, the Minister said that FSMA’s regulatory principles have been specially crafted for financial services. They have, over a period of…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My last amendment in this group, Amendment 102, is also about the secondary competitiveness and growth objective, but, this time, for the Financial Market Infrastructure Committee…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I shall make a brief comment on why Parliament has not offered any guidance on risk metric. The committee was well aware that the FCA sought to get clarity about the risk appetite…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I am afraid the noble Lord is going to be assailed from all sides. I was glad to hear the Minister refer to the work that the committee did in relation to the enforcement…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I thank the noble Lord for telling me about my noble friend’s disqualification from speaking; I will now speak to his Amendment 101. I find that it would be a useful addition to…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I had no intention of responding to all points made in the debate. There are a number of different amendments in this group. They could have been degrouped into four or…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]So on what basis are the Government making the decision to remove the requirement under FSMA to issue the guidance, and obviously, therefore, to consult on it?29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I hear what the noble Lord has said. I think it is important that we have the opportunity to comment before withdrawing amendments. It is not simply a case of getting up and…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Before the Minister moves on, can I just press him on the evidence of stakeholders that has been relied upon to sweep away so much stuff in Clause 18? Did the stakeholders…29 Jun 2026