Contributions
1,533 recent contributions in Hansard
HANSARDBank Resolution (Recapitalisation) Bill [HL]I have managed to get through several groups without promising to write, but on this occasion I will write to the noble Lord.05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I turn first to the amendment tabled by the noble Lord, Lord Sikka, which seeks to ensure consideration is given to a clawback of executive pay and bonuses from a failed…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I note that a number of other amendments have touched on the topic of Treasury consent before the Bank of England exercises its powers. I hope to fully address the…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, in response to the amendment tabled by the noble Baroness, Lady Noakes, I hope I can provide some clarification on how the resolution regime operates currently with…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]We can certainly take that away and look into doing so.05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I note that this amendment from the noble Baroness, Lady Noakes, is one of several concerning whether Treasury consent is needed when the Bank of England is exercising…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, in response to the amendment from the noble Baroness, Lady Noakes, I hope to explain and provide some clarification around the expenses within scope of the mechanism…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]On the noble Baroness’s first point, we are committed to updating the code of conduct, to doing so swiftly and to consulting with industry thoroughly on it. I cannot give her a…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I will write to the noble Baroness on that point. I turn finally to Amendment 22 in this group, tabled by the noble Baroness, Lady Bowles, which concerns the use of the bail-in…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]It may be best if I write to noble Lords to clarify this point. Amendment 11, tabled by the noble Lord, Lord Eatwell, would exclude from the scope of the new mechanism those firms…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I am told that the answer to that is no.05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I am grateful to all noble Lords for taking part in this debate on the first group of amendments. I note that the scope of the mechanism is a key and central issue, both…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]It would always have to do so.05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]It would always look at the situation at the time and make each individual decision on that basis.05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]If the noble Lord does not mind, I shall add that to the letter to him.05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]The Bank.05 Sept 2024HANSARDCrown Estate Bill [HL]Of course, I am happy to write to the noble Earl. I beg to move.02 Sept 2024HANSARDCrown Estate Bill [HL]My Lords, it is a pleasure to close this debate on the Bill. I am grateful to all noble Lords for their contributions and questions. As I noted in opening, the purpose of this…02 Sept 2024HANSARDCrown Estate Bill [HL]That the Bill be now read a second time.02 Sept 2024HANSARDCrown Estate Bill [HL]My Lords, the purpose of this Bill is to bring legislation governing the Crown Estate into the 21st century. The Crown Estate is a commercial business, independent from…02 Sept 2024