Contributions
1,563 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill (Eighth sitting)Will the Minister refer to the specific examples that Barclays and Which? raised around CHAPS payment and other payments? If he is unable to give a full response today, I hope…01 Nov 2022HANSARDFinancial Services and Markets Bill (Eighth sitting)In reading the written evidence, there was an interesting cautionary tale from Mobile UK about how the banks introduced two-factor authentication through SMS without speaking to…01 Nov 2022HANSARDFinancial Services and Markets Bill (Eighth sitting)The operation of the cash ratio deposit scheme referred to in clauses 60 and 61 is subject to changes in two variables—the gilt rate and the size of deposits eligible for the…01 Nov 2022HANSARDFinancial Services and Markets Bill (Seventh sitting)Without wishing to return to a previous debate, one way we could ensure that the FCA collects data is to ensure that it has regard to financial inclusion.01 Nov 2022HANSARDFinancial Services and Markets Bill (Seventh sitting)I am astounded that there are 120. I would be grateful if the Minister could show us a map of where they are, because I certainly have not found them. What can I say? We like our…01 Nov 2022HANSARDWestern Jet Foil and Manston Asylum Processing CentresThe Home Affairs Committee report, “Channel crossings, migration and asylum” showed that it takes on average 550 days to process unaccompanied children. The report also…31 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)I beg to move amendment 1, in clause 29, page 41, line 7, at end insert ‘, and also to financial inclusion. (2A) For the purposes of this section, “financial inclusion” means the…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)I will take Members back to the evidence given by the Phoenix Group as to why the FCA should “have regard”. I think there is broad consensus that financial inclusion is important.…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)On my hon. Friend’s point about consumer duty, the evidence suggests that one of the unintended consequences is that it can make some currently marginally profitable products…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)My amendments relate to the issue of financial inclusion, which those who serve on the Treasury Committee have heard me talk about many times before. I will start with an…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)I have not tabled an amendment to the clause, but the Minister will be aware that on Second Reading there was a huge amount of support across the House for strengthening these…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)It is positive news that the Minister has met his German counterparts. Could he give any indication of the progress made towards a memorandum of understanding, and of when we…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)I want to probe the Minister a little further. Obviously, it is a huge disappointment that we do not yet have a memorandum of understanding with the EU. Will the Minister indicate…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)My point is further to those made by my hon. Friends the Members for Hampstead and Kilburn, and for Wallasey. My hon. Friend the Member for Wallasey asked whether the definition…27 Oct 2022HANSARDWomen in British MotorsportOne way to encourage more women into motorsport and, indeed, into every job and every industry is to make workplaces endometriosis-friendly. One in 10 women have endometriosis,…26 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)When will the details on those intervention powers be published so we can have a good look at them?25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)In relation to the sandboxes, and particularly in relation to clause 14, I draw hon. Members’ attention to the written evidence submitted by Spotlight on Corruption—in particular,…25 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)I have a general question on the clause and the designated activities regime. In the consultation response document produced by the Treasury—“Financial Services Future Regulatory…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)I want to add to the points made by my hon. Friend on our concerns around clause 12 and the independence of the Bank of England, given that the Treasury has such significant…25 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)If I am correct, there was significant questioning of clause 3 and the powers during transition in the oral evidence sessions, particularly with Martin Taylor, who was the last…25 Oct 2022