Contributions
2,217 recent contributions in Hansard
HANSARDFinancial ServicesMy Lords, I recognise the strong interest in this area. As we debated last night, the previous Financial Services and Markets Act put an obligation on the FCA to look at it. It…11 Jan 2023HANSARDFinancial ServicesI will absolutely be looking very carefully at all the details of yesterday’s debate. I do not think it necessary to amend the Bill to achieve what the noble Lord talks about. On…11 Jan 2023HANSARDFinancial ServicesMy Lords, the Government work closely with regulators, industry and consumer groups to promote financial inclusion. We are currently legislating to protect access to cash and many…11 Jan 2023HANSARDFinancial ServicesMy noble friend is absolutely right that it is really important that innovation aid inclusion, rather than hinder it. I was really pleased to hear about the work the Royal…11 Jan 2023HANSARDFinancial ServicesWe absolutely recognise the importance of cash to the people the noble Baroness mentions. As she says, it is for shops and other service providers to determine how they accept…11 Jan 2023HANSARDFinancial ServicesMy Lords, what I actually said is that the FCA guidance on bank branch closures has recently been strengthened. I do not recognise the picture the noble Lord paints. Firms are…11 Jan 2023HANSARDFinancial ServicesThe access-to-cash provisions in the Bill will require the FCA to consider access to cash at both a local and national level, so it will take geographic factors into account. That…11 Jan 2023HANSARDFinancial ServicesMy Lords, there is always more to do. For example, I referred to the rollout of Post Office banking hubs. They may have been slower than expected to get off the ground, but just…11 Jan 2023HANSARDFinancial ServicesThe noble Baroness is right to mention the poverty premium. It can take different forms; it may be financial exclusion or being charged more for particular services. The…11 Jan 2023HANSARDFinancial ServicesI would certainly be interested to hear what more could be done in that area. On ensuring that everyday banking is accessible to customers, LINK, for example, publishes on its…11 Jan 2023HANSARDFinancial Services and Markets BillThat the Bill be now read a second time.10 Jan 2023HANSARDFinancial Services and Markets BillMy Lords, this Bill is a landmark piece of legislation—the most ambitious reform of our financial services regulatory framework in over 20 years. Perhaps it is a signal of the…10 Jan 2023HANSARDFinancial Services and Markets BillMy Lords, I thank all noble Lords who have spoken in this debate for their valuable contributions, which reflect the breadth and significance of this Bill. I will try to get…10 Jan 2023HANSARDFinancial Services and Markets BillThat the Bill be committed to a Grand Committee, and that it be an instruction to the Grand Committee that they consider the Bill in the following order: Clause 1, Schedule,…10 Jan 2023HANSARDRussia: UK CompaniesI do not have that information with me, but I can take it back to the department and write to all noble Lords.08 Dec 2022HANSARDRussia: UK CompaniesAs I have said to the House, the UK has undertaken the largest-scale sanctions programme that we have ever had in our history. We continue to look at new sanctions, and obviously…08 Dec 2022HANSARDRussia: UK CompaniesIf British companies were seeking to circumvent the sanctions that we have put in place, that is something that we would take extremely seriously. The noble Lord is right that the…08 Dec 2022HANSARDRussia: UK CompaniesMy Lords, that is an individual decision for people to take. Where individuals have found themselves invested in companies that are subject to sanctions, the Office of Financial…08 Dec 2022HANSARDRussia: UK CompaniesThe UK operates its sanctions regime and will continue to have conversations with all Crown dependencies, overseas territories and others.08 Dec 2022HANSARDRussia: UK CompaniesI hope the noble Lord will understand if I do not comment on the specific case in the Chamber, but if he writes to me, I will look at Hansard and get back to him in writing on…08 Dec 2022