Contributions
1,763 recent contributions in Hansard
HANSARD Securitisation Regulations 2018As part of our obligations while the UK remains a member of the EU, it is our responsibility to ensure that domestic law is compatible with EU legislation. That includes this…13 Feb 2019HANSARD Securitisation Regulations 2018There are two or three things going on. There are 53 financial services SIs going through Committee in connection with no-deal preparations, which is certainly an additional…13 Feb 2019HANSARD Securitisation Regulations 2018Thank you, Madam Deputy Speaker. I feel it is appropriate for me to respond to the remarks of the hon. Members for Enfield, Southgate (Bambos Charalambous) and for Aberdeen North…13 Feb 2019HANSARDDraft Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019I thank the hon. Members for Stalybridge and Hyde and for Glasgow Central for their observations. I will first attend to the general points about readiness and the intention of…12 Feb 2019HANSARDDraft Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019I beg to move, That the Committee has considered the draft Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations…12 Feb 2019HANSARDDraft Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019Absolutely it is, but what we cannot do until we have a deal is to determine what no deal would look like. It is therefore appropriate for me, as the Minister responsible for the…12 Feb 2019HANSARD Financial Services (Implementation of Legislation) Bill [Lords]We are talking about a no-deal scenario, which we cannot fully anticipate or set out in legislation. However, there would be a full discussion and additional legislation in those…11 Feb 2019HANSARD Financial Services (Implementation of Legislation) Bill [Lords]I thank all Members for their contributions to the debate. As my right hon. Friend the Financial Secretary to the Treasury set out earlier, the Government do not want a no-deal…11 Feb 2019HANSARD Financial Services (Implementation of Legislation) Bill [Lords]I am happy to respond to my hon. Friend’s intervention. I acknowledge his expertise in this area and his excellent article in the Investors Chronicle this week. I would point out…11 Feb 2019HANSARD Closure of Santander BanksI note the points that the hon. Lady raises but, as I have said to her, I cannot comment on this matter directly from my vantage point in government. However, I would just point…07 Feb 2019HANSARD Closure of Santander BanksI am not seeking to paint a rosy picture. I am setting out plainly the facts about what the bank has undertaken. I obviously cannot account for the way in which every single…07 Feb 2019HANSARD Closure of Santander BanksI am aware of the concerns raised in that area and I have met postmasters about that. That area is the responsibility of my colleagues in the Department for Business, Energy and…07 Feb 2019HANSARD Closure of Santander BanksI will talk in a few minutes about the ways in which we have intervened to try to find solutions to the circumstances in which the hon. Lady’s constituents find themselves. As I…07 Feb 2019HANSARD Closure of Santander BanksI promise the hon. Lady that I will come on to talk about that. It is about the relationship between the banks and the post office in the instance where it is the last bank that…07 Feb 2019HANSARD Closure of Santander BanksI am grateful for that intervention. The Government recognise that widespread free access to cash remains extremely important in the day-to-day lives of many people up and down…07 Feb 2019HANSARD Closure of Santander BanksI commend the hon. Member for Lanark and Hamilton East (Angela Crawley) for securing the debate. Just before I came over from the Treasury, I noticed that there will be a…07 Feb 2019HANSARD Closure of Santander BanksI was about to conclude, but am happy to give way again to the hon. Lady.07 Feb 2019HANSARDDraft Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019I am very happy to respond. In the situation that we have a deal, which is what the Government wish to happen, we would enter the implementation period. That means we would have…05 Feb 2019HANSARDDraft Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019I am grateful for the advice I have received, mystically, from behind me. It could be a multiple approach, but, again, that would be justified in the written ministerial…05 Feb 2019HANSARDDraft Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019I am very happy to write to the hon. Lady about that. I think the cost would be minimal, and it would be in the context of the Bank’s overall work. I do not know whether the cost…05 Feb 2019