Contributions
2,217 recent contributions in Hansard
HANSARDMoney Laundering Regulations: Politically Exposed PersonsMy Lords, as I set out, the Government are looking at further evidence around changing the money laundering regulations so that enhanced due diligence is not automatically…05 Jul 2022HANSARDMoney Laundering Regulations: Politically Exposed PersonsMy Lords, it is for the Select Committees of Parliament to determine what they wish to investigate. However, I agree with my noble friend: he is absolutely right that firms are…05 Jul 2022HANSARDMoney Laundering Regulations: Politically Exposed PersonsMy Lords, the Government are engaging with banks on this matter. A round table was held on 4 March this year. At that meeting, banks reaffirmed their commitment to following the…05 Jul 2022HANSARDMoney Laundering Regulations: Politically Exposed PersonsMy Lords, the United Kingdom Government are always happy to advocate for a risk-based approach in regulating financial services and will continue to do so. The noble Baroness and…05 Jul 2022HANSARDMoney Laundering Regulations: Politically Exposed PersonsMy Lords, anti-money regulations play an important role in tackling economic crime, which I know is a subject that this House cares strongly about. We recently concluded a review…05 Jul 2022HANSARDFinancial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022I thank noble Lords for their contributions today and will address the points raised by the noble Lord, Lord Tunnicliffe, in his constructive speech. The noble raised the…05 Jul 2022HANSARDWorking from HomeMy Lords, the Government will accept some of those benefits set out by the noble Lord. However, we also need to think about some of the other effects—for example, evidence also…04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]My Lords, as I have said, I have listened to the concerns of the House around Clause 9, and it is for that reason that I have sought a compromise and tabled the government…04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]My Lords, I turn to Clause 9 of the Bill, on the statutory review. We had an extensive debate on this in Committee and, reflecting on that debate, the Government have tabled…04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]I am happy to write to the noble Lord to set out those anticipated timelines. The annual report and accounts are published and laid before Parliament so, between those two pieces…04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]My Lords, I join my noble friend Lady Noakes in applauding Amendment 6 in the name of my noble friend Lord Holmes as a gallant attempt at defining additionality, although I dare…04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]My Lords, I will first take Amendment 2 from the noble Lord, Lord Sharkey, which, as he explained, seeks to probe our use of “and” in the activities of the bank to see whether it…04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]My Lords, we start Report with a topic that has already been central to our discussion of the UK Infrastructure Bank: its role in investing in nature and the environment. I thank…04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]04 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]My Lords, I speak on this group with some trepidation; I hope I do not show the lack of humility that the noble and learned Lord, Lord Thomas, has accused my department of. I will…04 Jul 2022