Contributions
1,153 recent contributions in Hansard
HANSARDFinancial Services Bill (Fourth sitting)Q Thanks to both of you. We had a bit of a discussion earlier about a suggested reform for preventing economic crime. We were saying that when we get into it, we are probably…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q We have heard quite a lot of references today to the proportion of motor insurance policies in the UK that are sourced out of Gibraltar. I think it is roughly 20%. Looking at…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q My final question is one that I touched on with the Association of British Insurers in its evidence earlier this afternoon. Given the platform that is being created by the Bill,…19 Nov 2020HANSARDFinancial Services Bill (Third sitting)Q 139 Thank you for giving us your time today, Sue. You have also given the Committee some written evidence, which I will come to in a second. Before I do that, I just want to let…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q Thank you, both. The second thing that I want to ask you about is accountability. It is true that proper scrutiny of all this requires resources, but that is a question not just…19 Nov 2020HANSARDFinancial Services Bill (Third sitting)I have no further questions, although my colleagues might have.19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q Jesse, you have experience of this at EU level where they have the ECON Committee, which looks at things before they are implemented. We have also had a suggestion from the hon.…19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Okay. I will stop there and leave it to others.19 Nov 2020HANSARDFinancial Services Bill (Fourth sitting)Q Minister, thank you for giving us your time this afternoon. There is a long-standing and warm relationship between the UK and Gibraltar that informs the measures in the Bill.…19 Nov 2020HANSARDDRAFT BANK RECOVERY AND RESOLUTION (AMENDMENT) (EU EXIT) REGULATIONS 2020
DRAFT SECURITIES FINANCING TRANSACTIONS, SECURITISATION AND MISCELLANEOUS AMENDMENTS (EU EXIT) REGULATIONS 2020
DRAFT FINANCIAL HOLDING COMPANIES (APPROVAL ETC.) AND CAPITAL REQUIREMENTS (CAPITAL BUFFERS AND MACRO-PRUDENTIAL MEASURES) (AMENDMENT) (EU EXIT) REGULATIONS 2020
DRAFT BEARER CERTIFICATES (COLLECTIVE INVESTMENT SCHEMES) REGULATIONS 2020No, I am grateful to the Minister for giving way. I would be grateful if he clarified the point. Let me be clear why. A clarification from him that the intention is to make…18 Nov 2020HANSARDDRAFT BANK RECOVERY AND RESOLUTION (AMENDMENT) (EU EXIT) REGULATIONS 2020
DRAFT SECURITIES FINANCING TRANSACTIONS, SECURITISATION AND MISCELLANEOUS AMENDMENTS (EU EXIT) REGULATIONS 2020
DRAFT FINANCIAL HOLDING COMPANIES (APPROVAL ETC.) AND CAPITAL REQUIREMENTS (CAPITAL BUFFERS AND MACRO-PRUDENTIAL MEASURES) (AMENDMENT) (EU EXIT) REGULATIONS 2020
DRAFT BEARER CERTIFICATES (COLLECTIVE INVESTMENT SCHEMES) REGULATIONS 2020It is a pleasure to serve under your chairmanship, Sir David. We have a lot before us this afternoon. These statutory instruments are the latest in a large-scale exercise on the…18 Nov 2020HANSARDDRAFT BANK RECOVERY AND RESOLUTION (AMENDMENT) (EU EXIT) REGULATIONS 2020
DRAFT SECURITIES FINANCING TRANSACTIONS, SECURITISATION AND MISCELLANEOUS AMENDMENTS (EU EXIT) REGULATIONS 2020
DRAFT FINANCIAL HOLDING COMPANIES (APPROVAL ETC.) AND CAPITAL REQUIREMENTS (CAPITAL BUFFERS AND MACRO-PRUDENTIAL MEASURES) (AMENDMENT) (EU EXIT) REGULATIONS 2020
DRAFT BEARER CERTIFICATES (COLLECTIVE INVESTMENT SCHEMES) REGULATIONS 2020Will the Minister give way?18 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Finally, I would like to ask if you a question about future direction. We have heard today about British influence on the EU directives that govern financial services—that there…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Chris, good afternoon and thanks for giving evidence today. I want to continue to ask about the same things. The Bill does lots of different things, but I would like to mention…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q You referred to the equivalence decision announced by the Chancellor last week. That is one end of the telescope; the other end is hoping—I am sure the Chancellor hopes,…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Thanks. Can I slightly switch subjects now, to ask you about packaged retail investment and insurance-based products? The Bill removes the requirement for performance scenarios…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q What would be the practical implications for UK-based investment companies— your members—if we stayed where we are now, with the UK having granted equivalence recognition to…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q Have you already made these arguments to the Treasury only to be rebuffed, or is this the first chance you have had to make them because the Bill was published only a few weeks…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q So how would this safe harbour provision that you are advancing work? Why is it needed beyond the FCA acting to ensure continuity for legacy contracts, as is I think is already…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q Can I take you back to the second point you made about the danger of litigation? We might all agree that moving away from LIBOR is a good thing, partly because we do not want to…17 Nov 2020