Contributions
1,161 recent contributions in Hansard
HANSARDFinancial Services BillMy Lords, Amendments 24, 25 and 37 return to an issue that I know is of keen interest to many in this House. They seek to introduce requirements to publish reports on the impact…14 Apr 2021HANSARDFinancial Services BillMy Lords, it is a pleasure to turn once again to the issue of parliamentary accountability of the financial services regulators, and I thank all noble Lords who have contributed…14 Apr 2021HANSARDFinancial Services Bill24 Mar 2021HANSARDFinancial Services BillMy Lords, let me begin by saying that I have listened carefully to the debate today, as well as the important contributions made in earlier debates on this Bill. As a result of…24 Mar 2021HANSARDFinancial Services BillMy Lords, I will speak also to the other amendments in this group. The Sewel convention states that normally, the UK Parliament will legislate in areas that are devolved only with…24 Mar 2021HANSARDFinancial Services BillMy Lords, I thank noble Lords for their remarks, and I stress again that UK government officials will of course continue to work closely with and support their opposite numbers in…24 Mar 2021HANSARDFinancial Services BillMy Lords, as the noble Baroness, Lady Bowles, has helpfully explained, the amendment seeks to introduce a statutory obligation for the Treasury to launch an independent review of…24 Mar 2021HANSARDFinancial Services BillMy Lords, the noble Lord has the advantage over me, because I am not personally privy to the case history that he cited, which is now 30 years or so old. However, I will consult…10 Mar 2021HANSARDFinancial Services BillMy Lords, I listened carefully to the noble Baroness, Lady Bennett, in her clear introduction to these amendments, and I thank her for the background briefing papers that she…10 Mar 2021HANSARDFinancial Services BillMy Lords, Amendment 121 aims to ensure that banks and investment firms engage in country-by-country reporting related to the provision of tax information. I am happy to assure the…10 Mar 2021HANSARDFinancial Services BillMy Lords, the Government agree that effective oversight of the FCA and PRA is a crucial component of our regulatory framework. Indeed, noble Lords will remember that in earlier…10 Mar 2021HANSARDFinancial Services BillMy Lords, as my noble friend Lady Neville-Rolfe has explained, these amendments bring us to the question of how we report on the impact that regulation has on firms. Every noble…10 Mar 2021HANSARDFinancial Services BillMy Lords, Amendment 107 would require the FCA to make a public statement on the nature of any intervention a Minister may make into an FCA investigation into an individual firm.…10 Mar 2021HANSARDFinancial Services BillMy Lords, I am grateful to my noble friend Lord Hodgson for directing the Committee’s attention to a set of issues that lie at the heart of the agenda for workers’ rights and…10 Mar 2021HANSARDFinancial Services BillMy Lords, this debate has taken us back to a number of the issues that were brought sharply into focus during the passage of the Financial Services Act 2012. It has been useful. I…08 Mar 2021HANSARDFinancial Services BillMy Lords, I hope that my response to this debate has indicated that, of course, we regard mutual determinations of equivalence as desirable. However, I have also made it clear…08 Mar 2021HANSARDFinancial Services BillMy Lords, the noble Baroness, Lady Bowles, has taken us into an interesting topic area: regulatory equivalence. The UK has long been a global leader in financial services. As we…08 Mar 2021HANSARDFinancial Services BillMy Lords, as we have heard, Amendments 74 and 77 concern accounting standards. I have listened carefully to what the noble Baroness, Lady Bowles, and other Members of the…08 Mar 2021HANSARDFinancial Services BillMy Lords, I am grateful to the noble Lord, Lord Oates, for his clear and succinct introduction to these amendments, and to other noble Lords who have spoken in his support, as…01 Mar 2021HANSARDFinancial Services BillMy Lords, this amendment would require an independent review of both the FCA and the PRA every five years, and it sets out a number of things that the review would have to cover.…01 Mar 2021