Contributions
1,763 recent contributions in Hansard
HANSARDTopical QuestionsI can tell my right hon. Friend that I am in conversation with the Financial Conduct Authority about its move to a relative rather than an absolute test. I note that there are a…05 Mar 2019HANSARDTopical QuestionsSome amendments were tabled on Thursday, and given the constitutional implications of those amendments, I think it is right that the Government work across Departments—with the…05 Mar 2019HANSARDTopical QuestionsThat is why the Government are concerned that the establishment of a single financial guidance body should happen quickly this year. Some £56 million is spent on debt advice to…05 Mar 2019HANSARDMoney LaunderingThe Government have made a very strong commitment to tackling money laundering. Recent initiatives include the creation of the economic crime strategic board and the National…05 Mar 2019HANSARDEconomic Growth and EmploymentI can confirm that the national living wage will rise again this year, to £8.21. I can also tell my hon. Friend that later this year the Low Pay Commission will be set a new remit…05 Mar 2019HANSARDMoney LaunderingI thank the hon. Lady for her kind remarks about my constituency. I am familiar with the reports that appeared in The Guardian yesterday evening about the case to which she has…05 Mar 2019HANSARDMoney LaunderingI cannot give my hon. Friend the exact figure, but we are anxious to crack down on suspicious activity when reports give us reason to believe that further measures are necessary.…05 Mar 2019HANSARDMoney LaunderingI always take my right hon. Friend’s words very seriously, and I am sure that he must be right.05 Mar 2019HANSARDMoney LaunderingWe are committed to introducing those registers by 2023. Since 2017, we have worked closely with law enforcement agencies through the mechanism of the exchange of notes with the…05 Mar 2019HANSARDMoney LaunderingThe Ministry of Justice is looking at that, and will present its response to the call for evidence later this year.05 Mar 2019HANSARDEconomic Growth and EmploymentFinancial services are well protected and ready to engage on arrangements for beyond the implementation period, but the Government are not complacent in respect of the whole…05 Mar 2019HANSARDEconomic Growth and EmploymentI thank the hon. Gentleman for his question. This Government’s strategy is to relentlessly pursue growth in the economy and opportunities for all. We have seen 18.3% growth since…05 Mar 2019HANSARDDraft Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019I beg to move, That the Committee has considered the draft Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019. May I start by…27 Feb 2019HANSARDDraft Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019Yes. I can tell my hon. Friend that, for example, 158 individuals or full-time equivalents in the FCA are now working on Brexit matters, which contrasts with 28 such individuals…27 Feb 2019HANSARDDraft Securitisation (Amendment) (EU Exit) Regulations 2019I acknowledge the points made by the hon. Members for Stalybridge and Hyde and for Glasgow East. I accept the wider concerns raised about the extensive use of this mechanism. I…27 Feb 2019HANSARDDraft Securitisation (Amendment) (EU Exit) Regulations 2019I beg to move, That the Committee has considered the draft Securitisation (Amendment) (EU Exit) Regulations 2019. It is a pleasure to serve under your chairmanship, Mr Hanson.…27 Feb 2019HANSARDDraft Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019I am happy to say that the FCA has been intimately involved in the whole process. Its objective is to provide continuity to the market and to ensure that appropriate scrutiny of…27 Feb 2019HANSARDDraft Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019I very much respect the points made by the hon. Members for Bootle and for Inverness, Nairn, Badenoch and Strathspey. I will respond to each of the 10 or 11 points that have been…27 Feb 2019HANSARDFinancial Services (Implementation of Legislation) Bill [ Lords ] (First sitting)I thank the hon. Member for Glasgow Central for that contribution. I will respond to amendments 2 and 3 together. As she pointed out, they relate to the Treasury’s discretion to…26 Feb 2019HANSARDFinancial Services (Implementation of Legislation) Bill [ Lords ] (First sitting)I beg to move, That— (1) the Committee shall (in addition to its first meeting at 9.25 am on Tuesday 26 February) meet— (a) at 2.00 pm on Tuesday 26 February; (b) at 11.30 am and…26 Feb 2019