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453 recent contributions in Hansard
HANSARDBank Resolution (Recapitalisation) Bill [HL]The noble Lord has just confirmed the point that we talked about in Amendment 17, that there are situations where the use of the recapitalisation payment can, in effect, bail out…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, on this amendment I agree with every word that the noble Baroness has just said. Like most noble Lords, I have an inherent preference that things should appear in a…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I find my head spinning a little about some of this. It comes back to the confusion about how the various flows here work, so that worked example is becoming more and…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I was not going to speak on this amendment, but I am also slightly in two minds. One hesitation is that it is very hard to know on the day you do the recapitalisation payment what…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]It would always do so or it would always have to do so?05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]The one thing the Minister did not cover there was the question of whether, on a second or subsequent recapitalisation payment, the Bank would have to look again at whether the…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]Okay.05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, as we have heard, this group of amendments, including my Amendment 10, probes the reasons for including all banks in the scope of the Bill, rather than just the smaller…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I briefly add my support to what the noble Baronesses have said. This is drafted extraordinarily widely. The words “another person has incurred or might incur in…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]Just to clarify, is there anything in the Bill that changes the effect on shareholders and creditors compared with if it had been done by just the bail-in approach?05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I rise again briefly. The noble Baroness has made some really important points. Once again, I have attempted to deal with this as a reporting question in Amendment 12,…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, this weather sounds like the reason I ended up tabling a load of amendments in south-west Scotland: I had nothing better to do for a few days. Again, the noble Baroness,…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I shall speak to Amendment 16, which would do a certain amount of what the amendment from the noble Lord, Lord Sikka, would do, but in a slightly different way. It is…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I think the Minister has answered the point about management, and I recognise that the words “or otherwise” are at the end of the new subsection. Where I am not sure that he has…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, as we have heard several times already, the area of accountability around financial services Bills seems to always come to the fore, as the noble Baroness, Lady Noakes,…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I will ask the Minister for one point of clarification. He referred to the reports under the Banking Act that will be provided as covering the costs and expenses. I do not think…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I thank all noble Lords who have spoken in this short debate and apologise to the noble Baroness, Lady Vere, for failing to thank her beforehand for signing her name to…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, it is always a pleasure to follow the noble Lord, Lord Eatwell, with his in-depth analysis and huge knowledge of this area. I feel I will probably fall short after that,…30 Jul 2024HANSARDKing’s Speech (4th Day)My Lords, I add my warm welcome to the Minister, both to this House and to his new position, and congratulate him on his excellent maiden speech. I welcome the new Government’s…22 Jul 2024