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577 recent contributions in Hansard
HANSARDTopical QuestionsLast week we celebrated the 10th anniversary of automatic pension enrolment. This is, genuinely, an amazing cross-party policy achievement which has transformed the saving culture…31 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Thank you. Sarah, how do you believe the secondary competitiveness objective might change your behaviour and your policy making? Sarah Pritchard: From an FCA perspective, it is…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)That still does not answer my question. If you are going to come to a Committee such as this, please provide your data.19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Australia and Japan also have regulators with a competitive objective. Would you regard Singapore, Hong Kong, Japan and Australia as being robust regulatory financial centres?…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q You consider them to be robust financial centres. Would you consider those financial centres of Japan, Australia, Singapore and Hong Kong to be competitive financial centres to…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Which respects? Sheldon Mills: I think they are competitors to the financial services system. The UK is extremely strong, varied, and has a multiplicity of financial services.…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q But is the data that you have been rattling off today to all of us specifically on the best-case counterfactual or on an average cost per consumer? Martin Coppack: I am not…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Well, it is based on either a best-case counterfactual or average consumers’ costs. Which is it? Martin Coppack: We have a whole list. We deal with Bristol University. We do a…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Martin, I want to ask you very quickly about all the data that you have been listing in the evidence. I take this evidence session very seriously. I think that it would be…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q I just want to pick up on one thing you said, David. Can you confirm that the removal of the share trading obligation will make the UK a more competitive and open market? David…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Thank you. More broadly, concern has been expressed about the Bill in some quarters that a freer derivatives market will push up commodity prices. Do you have a view on that?…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Do you believe that derivatives in general and competitive trading markets push up commodity prices? David Postings: They can change the volatility in the market. They do not…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Thank you. Do you have a view on that, Emma? Emma Reynolds: I defer to David.19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Okay. Maybe write to me with your workings and we will go from there. If you rattle off data in an evidence session such as this, it is important for you to know how that data…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)I am a vice-chair of the APPGs on environmental, social, and governance and on financial markets and services. I also spent 14 years in financial services and my wife works in…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Good to see you again, Sheldon. Can you confirm whether you know of any country in the world that has a competitive objective for its regulators? Sheldon Mills: I’m not aware of…19 Oct 2022HANSARD Energy Prices: Support for BusinessBusinesses across Grantham and Stamford will welcome the support announced this week. Lincolnshire’s farmers in particular face increasing pressure, owing to the rising costs of…22 Sept 2022HANSARD Financial Services and Markets BillIt is a great pleasure to speak in this debate on a Bill that is, frankly, the biggest reform of financial regulation in a generation. First, I pay tribute to the longest-serving…07 Sept 2022HANSARDTechnical Qualifications10. What steps his Department is taking to improve the quality of technical qualifications.04 Jul 2022HANSARDCHOGM, G7 and NATO SummitsThe Prime Minister was right when he recently said that 2% of GDP on defence spending should be a floor, not a ceiling. However, some of our allies are still in the basement when…04 Jul 2022