Contributions
20 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill [HL]My Lords, if I may respond to that, I had thought until recently that what we were debating was a response to the Skeoch commission established by the last Government, but we have…08 Jul 2026HANSARDFinancial Services and Markets Bill [HL]The amendment has been put to us at the last minute. The points that it relates to have been there for weeks, indeed months, but I would argue that what has triggered the…08 Jul 2026HANSARDFinancial Services and Markets Bill [HL]I did indeed talk to senior members of the Skeoch commission before writing my speech, and what I said is completely consistent with the conclusions of the Skeoch commission,…08 Jul 2026HANSARDFinancial Services and Markets Bill [HL]I find it difficult to believe that someone has told me that the withdrawal of Glass-Steagall, which took place 13 years before the global financial crisis, had no detriment to…08 Jul 2026HANSARDFinancial Services and Markets Bill [HL]There were two points, one of which is that the Skeoch report says that the numbers given are not its numbers. The report is clear that whatever the cost of ring-fencing, it is…08 Jul 2026HANSARDFinancial Services and Markets Bill [HL]I wonder whether there might be some confusion here. The thing about the ring-fence is that there are activities within it that the Government are promising to bail out. Those…08 Jul 2026HANSARDFinancial Services and Markets Bill [HL]With respect, that is what Skeoch is recommending and what is being allowed in what we are being asked to accept here—there is an extension of the ring-fence. He is saying, “Look,…08 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, the noble Baroness, Lady Bennett, has suggested that we inquire into the City of London’s role with the regulators and regulation. My noble friend Lady Bi summed it up…08 Jul 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, both the amendment and the speech by the noble Baroness, Lady Neville-Rolfe, were sensible in terms of making us think about bank capital requirements and whether we…01 Jul 2026HANSARDPension Access Rules: Impact on Terminally IllI also thank my noble friend the Minister for carrying out this review. In doing so, I wonder if it will be possible to address the problem of inconsistencies in regulation. For…30 Jun 2026HANSARDFinancial Services and Markets Bill [HL]If I might talk on this point, I have huge sympathy with the overall direction of where people want to go on this. Climate risk is clearly relevant for any financial manager…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]For five years, there has been a director of ESG at the Financial Conduct Authority who has specifically taken responsibility for ensuring that, where relevant, it is embedded in…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, if I might add to this debate, I begin by noting the huge cross-party agreement we have on lots of the issues the Bill raises, most particularly on this issue of…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I will speak to Amendments 93 and 94. I have not audited a bank or sat on a bank board, but I was a member of the Sharman committee that looked at the problems with…29 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, my professional background before I joined the House was as a finance practitioner. I still work pro bono with consumer organisations, including some who have a view on…08 Jun 2026HANSARDSpring Forecast StatementMy Lords, as many noble Lords have pointed out, we have been living in uncertain times, made considerably more uncertain in the last three weeks by the Iran war. Against that, the…17 Mar 2026HANSARDSecondary International Competitiveness and Growth Objective (FSR Committee Report)My Lords, I should start by declaring an interest. By background, I am an investor, and I teach a course and run an initiative at Cambridge that focuses on the purpose of finance,…11 Mar 2026HANSARDPension Schemes BillMy Lords, in contributing here, I should say my background is in responsible investment, with Hermes Fund Managers. It still on occasion offers me an office, from time to time.…23 Feb 2026HANSARDPension Schemes BillMy Lords, I rise nervously since it has been only one week since I made my maiden speech. I should declare an interest, as I have worked in the field of responsible investment for…05 Feb 2026HANSARDUK-EU Customs UnionMy Lords, it is with great pleasure that I rise in this debate to make my maiden speech. I should begin by giving thanks to all Members of the House for their warmth, their…29 Jan 2026