Contributions
1,153 recent contributions in Hansard
HANSARDFinancial Services Bill (Tenth sitting)Is my hon. Friend’s fear about the midway review that it is too onerous a burden on the debt advisers, or that it may exclude from the breathing space people who still need it,…01 Dec 2020HANSARDFinancial Services Bill (Tenth sitting)I should begin by acknowledging that the Minister has put an awful lot of work into the debt respite scheme. He has encouraged it, consulted the sector widely and really tried to…01 Dec 2020HANSARDFinancial Services Bill (Tenth sitting)In this portfolio Bill we now move on to another different subject, that of PRIIPs—packaged retail and insurance-based investment products. Clause 34 amends the consumer…01 Dec 2020HANSARDFinancial Services Bill (Tenth sitting)At this stage in our proceedings we begin to recognise the debates that we are having, because we have had them more than once. I find the Minister’s answers on the subject of ESG…01 Dec 2020HANSARDFinancial Services Bill (Tenth sitting)I think there is some confusion about why the new clauses were not put. Can you clarify that, Mr Davies?01 Dec 2020HANSARDFinancial Services Bill (Tenth sitting)I have just one question. As the Minister said, this clause deals with the EMIR directive, which governs the sale of over-the-counter derivates. To add to our joys, we have EMIR…01 Dec 2020HANSARDFinancial Services Bill (Tenth sitting)I beg to move amendment 30, in clause 34, page 40, line 33, after “performance” insert “including information relating to environmental, social and governance standards.” This…01 Dec 2020HANSARDFinancial Services Bill (Ninth sitting)I think the Minister is getting to the heart of it. I asked detailed questions, but at the core of them is this one: is there a policy intent in these little changes of words,…01 Dec 2020HANSARDFinancial Services Bill (Ninth sitting)I have two questions about schedule 10. The Minister has set out what it is intended to do, but I want to ask a few questions on the theme of monitoring and compliance. New…01 Dec 2020HANSARDFinancial Services Bill (Ninth sitting)We have met the capital requirements regulation, we have met undertakings for collective investment in transferable securities, and now we meet the money market funds regulation.…01 Dec 2020HANSARDFinancial Services Bill (Ninth sitting)We will be discussing a couple of similar clauses very soon, but it strikes me that quite a big role is envisaged for the FCA in advising the Government on equivalence recognition…01 Dec 2020HANSARDFinancial Services Bill (Ninth sitting)It is a pleasure to serve under your chairmanship, Dr Huq. I want to ask the Minister where the clear water is. In simple terms, is this about granting equivalence recognition to…01 Dec 2020HANSARDBounce Back Loan SchemeThis weekend, we will mark Small Business Saturday, when we all have the opportunity to praise the work of the fantastic small businesses that contribute so much to our local…01 Dec 2020HANSARDFinancial Services Bill (Ninth sitting)I asked some questions about this matter in relation to clause 27, so I do not intend to speak again.01 Dec 2020HANSARDFinancial Services Bill (Ninth sitting)That might illustrate the point that we are making, because by my rudimentary maths, that would suggest—01 Dec 2020HANSARDFinancial Services Bill (Ninth sitting)I suspect that I am going to follow up on the question from the hon. Member for Glasgow Central. As the Minister has explained, the problem that this clause and schedule are…01 Dec 2020HANSARDFinancial Services Bill (Ninth sitting)Something between three and four a year, which is hardly the sign of a system that is working, unless we think that only three or four people a year are doing insider dealing.…01 Dec 2020HANSARDFinancial Services Bill (Ninth sitting)The clause before us increases the penalty for insider dealing, and I do not think any Opposition members of the Committee will have a problem with that. The obvious point to make…01 Dec 2020HANSARDFinancial Services Bill (Ninth sitting)rose —01 Dec 2020HANSARDFinancial Services Bill (Ninth sitting)I want to double check something that the Minister said a minute ago. I think he said that there have been 36 prosecutions since 2009.01 Dec 2020