Contributions
1,533 recent contributions in Hansard
HANSARDFinancial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024My Lords, these regulations will add four pieces of legislation, known as “enactments”, to the list set out in Section 17(3) of the Financial Services and Markets Act 2023, so…02 Dec 2024HANSARDFinancial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024My Lords, I am extremely grateful to the noble Baroness, Lady Kramer, and the noble Lord, Lord Altrincham, for their contributions and their support for this measure. The noble…02 Dec 2024HANSARDInternational Banking: PaymentsMy Lords, the Government believe an integrated global financial system is the best way to achieve global prosperity and financial stability. Fragmentation is damaging to the…28 Nov 2024HANSARDInternational Banking: PaymentsNo, I would not agree with my noble friend on that point.28 Nov 2024HANSARDInternational Banking: PaymentsI am grateful to the noble Lord for the points that he raises, and I agree that, of course, we should take these developments seriously. I will not comment on the specific…28 Nov 2024HANSARDInternational Banking: PaymentsI absolutely agree with the noble Baroness that we should of course always proceed from a position of our own national interest. The Chancellor in her Mansion House speech two…28 Nov 2024HANSARDInternational Banking: PaymentsI share some of the noble Baroness’ frustrations in this regard. I am always happy to vouch for her that she is not a terrorist; I am very certain of that fact. The noble Baroness…28 Nov 2024HANSARDInternational Banking: PaymentsIt is extremely important that British companies are able to engage in emerging markets in the way the noble Lord describes, and I will happily look at the point that he raises.28 Nov 2024HANSARDInternational Banking: PaymentsThe answer to the noble Lord’s first question, in terms of whether we consider them effective, is yes. In the case of Russia’s invasion of Ukraine, these measures have…28 Nov 2024HANSARDInternational Banking: PaymentsI am afraid I do not have that specific information to hand, but I am more than happy to write to the noble Lord.28 Nov 2024HANSARDInternational Banking: PaymentsI am grateful to the noble Lord for his question. On the potential move by the forthcoming Trump Administration, the UK will continue to work closely with the US on a range of…28 Nov 2024HANSARDInternational Banking: PaymentsAs I said earlier, we absolutely respect each country’s right to choose its own path and its own partners, including which international groupings it associates with. The UK will…28 Nov 2024HANSARDInternational Banking: PaymentsThat is very much the spirit that lies behind the Financial Assistance to Ukraine Bill, which will shortly be before your Lordships’ House. The Financial Assistance to Ukraine…28 Nov 2024HANSARDFinancial Services: Mansion House SpeechI am grateful to the noble Lord for his question and the expertise he brings to this conversation. This comes back to the issue of growth that the noble Baroness, Lady…21 Nov 2024HANSARDFinancial Services: Mansion House SpeechI am grateful to my noble friend for his points. In the letter that the Chancellor sent to the chief executive of the Financial Conduct Authority, she made it very clear that the…21 Nov 2024HANSARDFinancial Services: Mansion House SpeechI am very grateful to the noble Lord. It will not surprise anyone to hear that I agree with the sentiment behind his question. He is right that you cannot undo 14 years of damage…21 Nov 2024HANSARDFinancial Services: Mansion House SpeechI thank the noble Baroness for her question. She brings out quite eloquently the trade-offs that the regulator has to make across these different protections. I am happy to look…21 Nov 2024HANSARDFinancial Services: Mansion House SpeechThe noble Baroness raises a very important question and I am grateful for her support around the reforms of the Financial Ombudsman Service; she brings a great deal of expertise…21 Nov 2024HANSARDFinancial Services: Mansion House SpeechMy Lords, I am very grateful to the noble Baronesses, Lady Neville-Rolfe and Lady Kramer, for their comments and questions. May I take this opportunity to welcome the noble…21 Nov 2024HANSARDFinancial Services: Mansion House SpeechI am grateful to my noble friend for the question. I do remember the conversations we had in the past and I am, of course, happy to continue to discuss these issues with my noble…21 Nov 2024