Contributions
973 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill (Second sitting)Q I do not know whether your responsibilities at Which? include consumer protection, particularly in relation to the financial services market, but from your perspective do the…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Is there a need to specify in the Bill, or to enable in later regulation, a widening of the mandatory compensation scheme to types of scams that we do not yet know about? Paddy…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q I have another question for both you. There have been suggestions that the Bill should place responsibility on the regulator to promote competitiveness. There have been…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Thank you. Mr Kelly, a lot of the evidence that we heard earlier today—I do not know how much of it you were able to watch—came from the big institutions, which clearly have a…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)I am sorry. I will try to speak into the microphone, so forgive me for not looking at you. Do you have a view on the numerous representations we have had from victims of financial…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q I was interested that the Minister in his question used the metaphor of a good seatbelt. Some of us think that the regulatory environment for road traffic should ensure that…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q If there is a long-term downtick in the world’s willingness to invest clean money in the United Kingdom, does that increase the risk that dirty money will replace it? Martin…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Is there a replacement risk with the EU legislation? Certainly a number of our witnesses from the big institutions said that there are parts of it that they would like to see…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q How effective has the UK been at keeping dirty money out of the financial services sector? Martin Taylor: I do not know. I probably have the same suspicions that you have.…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Does the Bill as it stands strengthen or weaken that regulatory framework? Or does it leave it as is? Paddy Greene: We have some concerns about the current wording around…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q I know that your website describes one of your key aims as developing a larger capital market across Europe. There is a trick to be pulled off in encouraging all the right kinds…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q According to the Financial Conduct Authority website, in just over the last year, eight credit unions have gone into administration; only one did in the preceding three years.…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)I have money saved and invested with Nationwide building society, which has submitted evidence on its own account. I am also with a credit union that I believe is affiliated to…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Mr Fieth, let me first come to you and the comment that you made previously about the UK not really having a tradition of mutually owned lending banks. Was not the first trustee…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)There could be a number of reasons why UK business owners choose to set up companies offshore, including in Gibraltar, and they are not always reasons that have the best interests…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Ms Clark, can I come back to your comment earlier about insurance companies having been set up in Gibraltar and elsewhere offshore but not in the UK? Do you have reasonable…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q You are using terms such as “transpose” and “translate”, and the representatives from the FCA that we heard from earlier used similar terms. Are we talking about almost…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Thank you. You referred to the need to be competitive. When earlier witnesses used that phrase, they often clarified it with reference to overseas businesses or overseas…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Are those comments made within the context that achieving a permanent change in net zero targets is not optional? It is absolutely necessary. David Postings: The banking…19 Oct 2022HANSARDEconomic UpdateCan I thank the Chancellor in advance for what he has promised to publish over the next two weeks because it will be the starkest ever confirmation of the awful price of Better…17 Oct 2022