Contributions
2,217 recent contributions in Hansard
HANSARDFinancial Markets: StabilityThe noble Baroness is right that there is more than one regulator at play in this space. That point was also made by the noble Lord, Lord Davies of Brixton. If the noble Baroness…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 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 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 2022HANSARDUK Green TaxonomyMy Lords, that commitment has not changed. On the importance of retaining our leadership position on green finance for London as a financial centre, I completely agree with the…03 Nov 2022HANSARDDefined Benefit Pension FundsI thank the noble Lord, and all noble Lords for their welcome back, but I have to disagree with the noble Lord’s interpretation of the provisions in the forthcoming financial…01 Nov 2022HANSARDDefined Benefit Pension FundsMy Lords, LDI strategies can be used as a risk-management strategy for pension funds, and I would expect them to continue to do so. There were specific circumstances which the…01 Nov 2022HANSARDDefined Benefit Pension FundsIf that was the impression the noble Baroness had of my Answer, it was not the one I meant to leave with noble Lords. The regulators, including the Financial Policy Committee, the…01 Nov 2022HANSARDDefined Benefit Pension FundsMy Lords, the Government do not agree with the noble Baroness’s assessment of the situation. Along with the Bank of England and the Financial Policy Committee, we keep a close eye…01 Nov 2022HANSARDDefined Benefit Pension FundsDefined benefit pensions use liability-driven investment strategies to protect themselves from adverse interest rate and inflation movements. The Pensions Regulator estimates that…01 Nov 2022HANSARDDefined Benefit Pension FundsMy noble friend is absolutely right that there can be risks to financial stability from non-banking actors in the financial system and that they are not subject to the same…01 Nov 2022HANSARDDefined Benefit Pension FundsMy Lords, the Pensions Regulator and other regulators have said that they will want to look at what has happened and learn lessons. I also understand that the Work and Pensions…01 Nov 2022HANSARDDefined Benefit Pension FundsMy noble friend is absolutely right about the liquidity mismatch. My understanding is that there was a certain amount of flexibility shown in that; none the less, the Bank of…01 Nov 2022HANSARDDefined Benefit Pension FundsMy Lords, I do not know how the Bank of England’s own pension scheme is invested. As my noble friend pointed out, the particular issue around these schemes was liquidity; the Bank…01 Nov 2022HANSARDMinister for EqualitiesDoes my noble friend agree that there is one area where, to advance women’s equality, we need to improve men’s rights? That is on paternity leave. If we want parents to be able to…20 Oct 2022HANSARDGCSE and A-level Results: Attainment GapMy Lords, I am afraid we are out of time.08 Sept 2022HANSARDCrypto Asset TechnologyI absolutely agree with the noble Lord about the importance of ensuring that crypto assets cannot be used for money laundering or, for example, for the avoidance of sanctions when…21 Jul 2022HANSARDCrypto Asset TechnologyThe Government are considering some form of regulation; that is why we are consulting on it later this year. My noble friend is absolutely right that financial stability is one…21 Jul 2022HANSARDPrimary Care: Quality and Access ImprovementsI am not aware of the specific statistic that the noble Lord refers to but we are doing a huge amount to support people, particularly during this difficult economic time. People…21 Jul 2022HANSARDPrimary Care: Quality and Access ImprovementsMy understanding is that the establishment of Select Committees is a question for Parliament, not the Government.21 Jul 2022