Contributions
1,153 recent contributions in Hansard
HANSARDFinancial Services Bill (Second sitting)Thank you.17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Thank you. Constance, do you want to add anything? Constance Usherwood: I would add that in the context of the Basel framework, that does allow for some adjustments or tailoring…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Can I ask you about LIBOR? We have heard that the Bill facilitates a move away from LIBOR. The weaknesses and manipulation of LIBOR are well documented. The L in LIBOR stands…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q So the main mechanism for preparation, as you put it, is to establish an operation inside the EU if you have not already got one. Adam Farkas: With a lack of equivalence. If no…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Can you give us some practical examples of what kind of barriers companies could face and of what decisions they might have to take to overcome them? Adam Farkas: In very simple…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Thank you for coming today. I want to start with our current situation on equivalence, where we had an announcement from the Chancellor that the UK will grant equivalence…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Thanks very much. I have no further questions.17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Yes. Catherine, can I turn to you on the question of regulators? This gives a huge amount of new powers to the regulators. I have a two-part question. One, do you think they can…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q Good afternoon, Emma and Catherine. It is very nice to see both of you. Emma, I want to come to you first. You are the fifth panel to appear and there is beginning to be a…17 Nov 2020HANSARD Support for SMEs: Covid-19Thank you for your chairmanship this afternoon, Sir Edward. I congratulate the hon. Member for Carshalton and Wallington (Elliot Colburn) on tabling this debate and thank all…10 Nov 2020HANSARD Support for SMEs: Covid-19With the time constraints, I apologise but I am going to keep going. Yesterday’s announcement about a vaccine is potentially exciting news and an amazing triumph for science, if…10 Nov 2020HANSARD Financial Services BillIf we read the political declaration, we can see that this was all supposed to be wrapped up by June. We are now approaching mid-November. The hon. Gentleman is certainly right to…09 Nov 2020HANSARD Financial Services BillNobody should be wedded to complexity for complexity’s sake. As I said, beneath the complexity, the issues are actually not that complicated. They are about the safety of…09 Nov 2020HANSARD Financial Services BillI thank the Minister and his officials for the information they have shared about the measures in the Bill over the past couple of weeks. I have, of course, been riveted by the…09 Nov 2020HANSARD Financial Services BillThere is a phrase: I am not my brother or my sister’s keeper. They will have to answer for themselves. The backdrop to these measures is formed by two significant events in recent…09 Nov 2020HANSARD Financial Services BillI do, and I will talk later about the Basel III regulations; certainly Basel II did not prove to be any kind of protection against what happened in 2007 and 2008. The other issue…09 Nov 2020HANSARD Financial Services BillWith the leave of the House, will respond to the debate and pick up on a few of the contributions made over the last couple of hours. The hon. Member for West Worcestershire…09 Nov 2020HANSARD Covid-19 UpdateWhat is the Prime Minister and the Chancellor’s estimate of the additional economic cost of implementing this second lockdown now, for four weeks or possibly more in the run-up to…02 Nov 2020HANSARDApprenticeshipsLet us look at the record. Capital investment in further education is running at less than half the level put in by Labour 10 years ago. Apprenticeship starts are down 43,000 this…20 Oct 2020HANSARDCovid-19 UpdateToday marks a low point in the handling of this situation. Instead of reuniting people behind their approach, the Government have imposed this decision, leaving a bitter taste.…20 Oct 2020