Contributions
1,153 recent contributions in Hansard
HANSARDFinancial Services Bill (First sitting)Q Can I just focus on the point about expert judgments? That is quite a polite term for some of things that happened with LIBOR. They were not really expert judgments in some…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q Thank you for appearing before us, Mr Richards. Can you set out for us, in as simple terms as possible, the difference between how prices are set under SONIA and how they were…17 Nov 2020HANSARDFinancial Services Bill (First sitting)So no more cases of champagne? Thank you.17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q May I ask you, Daniel, a question about LIBOR to fill in a small gap in the knowledge of those of us who have not followed every twist and turn of this? The measure became a…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q We have had the Chancellor’s announcement on equivalence from the UK end of the telescope last week. Do you think there is a relationship between the degree of divergence we…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q Thank you both for coming along this morning, virtually. Could I begin with you, Simon, and ask about onshoring and divergence? The Bill onshores significant bodies of EU…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q One more for you, Daniel. As things stand with LIBOR today, is it still possible for traders to submit information based on their estimates of what trades would cost rather than…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Thank you.17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q Thank you very much. My final question is to Mr Latter. In the onshoring of all these EU directives, where do you see, if you like, the main opportunities not to do things that…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q Thank you. Sheldon, I want to ask you about the accountability framework in the Bill. It asks you and the PRA to take account of various things. In going about your work in the…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q If you are a bank that wants to lobby about the rules or a trade body representing financial institutions, do you think there is any advantage in your lobbying in one of these…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q Thank you. I would like to begin with you, Vicky. The Bill goes through a process of onshoring a number of EU directives that are concerned with financial services. Can you tell…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Before I begin, can I get some sense from you, Mr Davies, about whether we can have a few questions?17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Thank you.17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Thank you. Covid has had a paradoxical effect this year because, on the one hand, some people have become better off as the year has gone on because they are still getting paid…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Peter, we are talking about things that have broad support: the debt respite scheme, Help-to-Save and so on. The Minister and I debated some regulations about these matters…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Finally, we have heard about a difference in philosophical approach between the European approach of codifying lots of financial services regulation in very detailed…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q What are the EU regulations that you would most like to get rid of? What is on the bad list? Gurpreet Manku: Sorry, I had not thought about that for this session. Interestingly,…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Looking to the future and the onshoring of all this EU regulation, from your members’ point of view, what do you think needs to change in order for the UK to become more…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Good afternoon, Gurpreet. Thank you for speaking to us today. Does the Bill mean that your members will have to hold less capital against their activities than would otherwise…17 Nov 2020