Contributions
222 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill [HL]What the clause is trying to represent is that this is the starting point. There is definitely work to do and it needs to be improved.24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]To come back on that, we have heard the criticism of the FCA loud and clear. The intention is for further debates to come back to what we believe is the current state of oversight…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I will write to the noble Baroness to clarify that.24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Understood.24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Again, we are trying to stress that the oversight that exists today will not be changed. The Treasury’s annual review should be able to take that into account. We believe that…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I am grateful to the noble Lords, Lord Holmes and Lord Vaux, and the noble Baronesses, Lady Kramer and Lady Bowles, for tabling these amendments, and to the noble Lords…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]That is correct.24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]They are obviously related.24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Again, we will have to come back to that point. One of the things we are trying to consider is how we do not overburden by creating more regulation, but we will have to review…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I welcome the focus of the noble Baroness, Lady Kramer, on the vulnerabilities in the private credit system. Although the Government are clear that the growth of private…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I am grateful to noble Lords for their thoughtful contributions to this debate. This clearly animates a lot of discussion. I particularly acknowledge the noble Baroness,…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I apologise. Can the noble Baroness repeat that?24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Amendment 79 would require the FCA and PRA to assess the impact on the taxpayer of any provision of backstop arrangements by the Bank of England to private stablecoin when…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]That is correct. Amendments 71 and 74 seek to require the FCA and the PRA, when preparing or revising their long-term strategies, to consult persons they consider would be…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I can clarify that an annual plan is required and will still be required. Let me write to the noble Baroness to confirm that.24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]We will have to come back to these points at a later date. This is a broader conversation on oversight, and points have been made on this subject outside the Room. I hope noble…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I am grateful to the noble Baronesses, Lady Kramer and Lady Neville-Rolfe, the noble Lords, Lord Altrincham and Lord Holmes of Richmond, and the noble and learned Lord,…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]What we have set out in answer to that question is that there is clearly a need for greater transparency and thinking about what the five-year plan looks like. In terms of the…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]There is a broad philosophical point being made about trusting the FCA and the regulators. Again, we will come back to this in further debates. It is a view that I understand, and…24 Jun 2026