Contributions
1,763 recent contributions in Hansard
HANSARDMidas Financial Solutions CollapseI hope I am coming to that point. The right hon. Gentleman addresses the core point, which is about the comfort that the appointed representative regime provides to the consumer,…22 Mar 2022HANSARDMidas Financial Solutions CollapseIt is a privilege to serve under your chairmanship, Mr Stringer, and I join others in congratulating the right hon. Member for Orkney and Shetland (Mr Carmichael) on securing…22 Mar 2022HANSARDMidas Financial Solutions CollapseThe Government work closely with the FCA. As I have said, we are taking very seriously the implications of this case and the relationship between the principal and the appointed…22 Mar 2022HANSARDTopical QuestionsAs ever, the hon. Gentleman has made a powerful point about a very important matter. Work with our allies is ongoing to establish how we can deepen our response in a co-ordinated…15 Mar 2022HANSARDTopical QuestionsHe is not doing that. The schemes were set up in various ways, depending on the size of businesses, and it will be for the individuals who borrowed money to engage with the…15 Mar 2022HANSARDIndependent Panel on Ring-fencing and Proprietary Trading: Final ReportToday I have laid before Parliament the final report on behalf of the Independent Panel on Ringfencing and Proprietary Trading. In 2020, the Treasury appointed an independent…15 Mar 2022HANSARDTackling Illicit FinanceWe continue to review and reform our regulatory and enforcement approach to ensure that, as illicit finance evolves, our responses do too. We have announced an unprecedented…15 Mar 2022HANSARDTackling Illicit FinanceThe Government have worked closely with the US and the EU on a whole range of interventions. We have sanctioned 500 individuals and entities, including 386 members of the Russian…15 Mar 2022HANSARDTackling Illicit FinanceWe worked to give widespread support to lots of individuals across the economy. I cannot give the hon. Lady the exact chapter and verse on individuals who have been supported, but…15 Mar 2022HANSARDMiFID and Prospectus Regime ReformIn 2021, the Government published two consultations on reforms to our capital markets regime: the wholesale markets review—which reviews the markets in financial instrument…03 Mar 2022HANSARDPrudential Regulation of Credit Institutions and Investment FirmsFollowing the global financial crisis, the international Basel Committee on Banking Supervision (BCBS) agreed standards for prudential regulation to improve the resilience of the…01 Mar 2022HANSARDTreasury UpdateCollective money purchase pension schemes, which are also known as collective defined contribution pension schemes, are a new style of pension scheme. Contributions into the…21 Feb 2022HANSARDDRAFT MONEY LAUNDERING AND TERRORIST FINANCING (AMENDMENT) REGULATIONS 2022That is a reasonable observation. I think, however, that the hon. Gentleman’s frustration echoes mine; I have been in this job over four years, and I was before the Treasury…07 Feb 2022HANSARDDRAFT MONEY LAUNDERING AND TERRORIST FINANCING (AMENDMENT) REGULATIONS 2022I thank my hon. Friend for that intervention. I am aware of the tension regarding the application of rules designed to keep our banking system both clean and accessible. It has…07 Feb 2022HANSARDDRAFT MONEY LAUNDERING AND TERRORIST FINANCING (AMENDMENT) REGULATIONS 2022I will endeavour to cover the points raised by the hon. Members for Hampstead and Kilburn, for Glenrothes, and for Wallasey. I acknowledge that a number of those points refer to…07 Feb 2022HANSARDDRAFT MONEY LAUNDERING AND TERRORIST FINANCING (AMENDMENT) REGULATIONS 2022I beg to move, That the Committee has considered the draft Money Laundering and Terrorist Financing (Amendment) Regulations 2022. It is a pleasure to serve under your chairship,…07 Feb 2022HANSARDDRAFT MONEY LAUNDERING AND TERRORIST FINANCING (AMENDMENT) REGULATIONS 2022I welcome the hon. Lady’s intervention on this subject. I am happy to recognise her characterisation of the diffused responsibilities in the report. There are observations and…07 Feb 2022HANSARDFinancial Services and Markets Act 2000 (Exemption) (Amendment) Order 2022Today I have laid the Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2022 (SI 2022/100) before Parliament. This will permit Norges Bank, the Norwegian…07 Feb 2022HANSARDInsurance Industry RegulationThe FCA has been looking at this matter, and last week my colleague the Secretary of State for Levelling Up, Housing and Communities wrote to the FCA to ask it to look at whether…01 Feb 2022HANSARDInsurance Industry RegulationWe are making progress. We are in deep conversations with the Prudential Regulation Authority and its actuaries on the way that the risk margin and the matching adjustments should…01 Feb 2022