Contributions
824 recent contributions in Hansard
HANSARDFinancial 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 have Amendments 83, 84, 85 and 86 in this group, and I thank my noble friend Lady Neville-Rolfe for adding her name to the first three of them. We are continuing our…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]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]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]I put it to the Minister that this clause has no specificity around it: no ability for the Treasury to agree the format or content of a five-year plan; no requirement for…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Does the Minister believe that the FCA’s five-year plan, which started last year, is the model on which Clause 16 has been based? Is the Minister expecting that sort of document…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I have given the Minister notice that I intend to object to these amendments, so if he presses them, I will object and therefore they will not pass. It has been the…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I thank noble Lords for taking part in this brief debate on what is, I think, an important area. The Minister said that the Government have already reviewed the…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, the noble Baroness, Lady Kramer, was kind enough to refer to the committee I chair. I will offer a few comments on this area. First, in line with what I said on the…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Do we not want to reduce regulation on regulated firms, rather than regulators?24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Can I conclude my remarks with a plea to the Minister? He has taken away a number of issues arising from this debate, on which he will be writing one big letter or several…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, Amendment 77 calls for a review of the regulatory principles in Section 3B of FSMA 2000. I am grateful to the noble Lord, Lord Vaux, for adding his name to it. My…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, the Financial Services Regulation Committee has also been looking at stablecoin, so I have a few words to say on the topic. I go back to my earlier point: this is not a…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Can the Minister expand on that?24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I may be being a bit dumb, but I did not understand that at all.24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Can the Minister explain why that is not included in the Bill? The Government expect them to engage with the industry. One would normally write consultation expectations into…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I have some questions for the Minister. Does he believe that the FCA’s five-year plan provides a model for what the Government have in mind for compliance with Clause 16, if it…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I will speak to Amendments 70, 71, 73, 74 and 76 in my name. I thank the noble Lord, Lord Vaux of Harrowden, for adding his name to Amendments 70, 73 and 76. At first…24 Jun 2026