Contributions
2,217 recent contributions in Hansard
HANSARDStock MarketsMy Lords, according to the Global Financial Centres Index, London is the second highest-ranked financial centre in the world after New York, while Paris is 10th. The UK continues…17 Nov 2022HANSARDStock MarketsI am so glad that the right reverend Prelate has given me a chance to set out what the Government are doing. The Financial Services and Markets Bill has just completed its work in…17 Nov 2022HANSARDStock MarketsI cannot speak for the right reverend Prelate but he mentioned two things. One was ensuring green growth, which I have addressed, and the other was workers and jobs. Maybe he…17 Nov 2022HANSARDStock MarketsMy Lords, I do not accept the premise of the noble Lord’s question, which he may be unsurprised to hear. In fact, in 2021, over 120 companies chose to list in London, the highest…17 Nov 2022HANSARDStock MarketsMy noble friend is absolutely right that one factor in play here is that different sectors are represented more strongly in the different stock markets, which have been affected…17 Nov 2022HANSARDBank of England: Libor SystemMy Lords, I thank my noble friend Lord James of Blackheath for securing this debate. I too wish him well with his recovery. I am grateful to other noble Lords for their…17 Nov 2022HANSARDFinancial Services (Miscellaneous Amendments) Regulations 2022My Lords, I thank all noble Lords for their contributions to this debate. With this SI, the Government aim to remedy technical deficiencies identified in financial services…15 Nov 2022HANSARDFinancial Services (Miscellaneous Amendments) Regulations 2022That the draft Regulations laid before the House on 17 October be approved.15 Nov 2022HANSARDFinancial Services (Miscellaneous Amendments) Regulations 2022My Lords, this statutory instrument comprises two sets of provisions relating to Gibraltarian firms operating in the UK market and to securitisation. The proposed legislation will…15 Nov 2022HANSARDFinancial Services (Miscellaneous Amendments) Regulations 2022I will double-check that for the noble Lord. I believe so, but I would prefer to write and confirm it. In the noble Lord’s precis, he asked whether this simply extends the status…15 Nov 2022HANSARDFinancial Services (Miscellaneous Amendments) Regulations 2022I will ensure that all letters are copied to all participants in the debate and placed in the Library of the House.15 Nov 2022HANSARDUK Green TaxonomyThe UK green taxonomy is an important part of the Government’s ambitious programme of work on sustainable finance. However, it is critical that we learn from approaches being…03 Nov 2022HANSARDFinancial Markets: StabilityI am afraid I am really short on time, so I will make some progress and finish. As the Chancellor has said, and as I think the noble Lord, Lord Desai, and the noble Baroness, Lady…03 Nov 2022HANSARDUK Green TaxonomyI take this opportunity to pay tribute to my noble friend’s work. I saw at first hand the energy and commitment that he brought to his roles. He is absolutely right that…03 Nov 2022HANSARDFinancial Markets: StabilityMy Lords, I join all noble Lords in thanking the noble Lord, Lord Sharkey, for the opportunity to debate this important topic. The central responsibility of any Government is to…03 Nov 2022HANSARDFinancial Markets: StabilityNo, it is correct. The noble Lord seems to know how it is composed, so we are transparent in how that number is reached. I would like to make a little progress.03 Nov 2022HANSARDUK Green TaxonomyI assure my noble friend that we will be led by science in this area. Earlier in this Question, noble Lords referred to the work of the Green Technical Advisory Group, which was…03 Nov 2022HANSARDUK Green TaxonomyMy Lords, I agree with the noble Baroness on the importance of progressing this work at pace but it is also important that we get it right. For the green taxonomy to have real…03 Nov 2022HANSARDUK Green TaxonomyThe Government are taking a number of steps. The FCA, for example, has consulted on a sustainable investment-labelling scheme so that, when consumers and investors are told that…03 Nov 2022HANSARDUK Green TaxonomyThe noble Lord is absolutely right that, to be most useful, having international agreement on a taxonomy is essential. The Government have supported the development of…03 Nov 2022