Contributions
561 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill (Sixth sitting)Having listened to the Minister, I think amendment 51 might already be included in the Bill, amendment 52 appears to be fettering, and 53 and 54 —it looks like I am going to enjoy…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)Indeed. We ask the FCA to produce an annual report as well, so this is not out of line with other expectations.27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)Again, I direct the Committee to my entry on the Register of Members’ Financial Interests. I warmly welcome the creation of cost-benefit panels. In my view, the greater the…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)I am very pleased to hear what the Minister said, because he has broadly accepted the thrust of what I said. I think he is offering me the chance to explore with him the…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)I beg to move amendment 48, in clause 28, page 40, line 39, at end insert— “3RF Requirement to publish specified information (1) The Treasury may at any time, by notice in…27 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)I understand exactly what the hon. Gentleman is trying to do with the amendment, and I have a lot of sympathy, but I am not clear about its scope and extent. Is he trying to…25 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)It is a great pleasure to serve under your chairmanship, Dame Maria. Will the Minister clarify quickly proposed new section 71S? The power in subsections (3) to (7) is an…25 Oct 2022HANSARDTopical QuestionsMr Speaker, I apologise to you and my right hon. and hon. Friends on the Front Bench for my discourtesy in not being here at the beginning of topical questions. Earlier this week,…20 Oct 2022HANSARDTopical QuestionsT1. If she will make a statement on her departmental responsibilities.20 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)I just wanted to ensure that was on the record. Can we talk a bit about the metrics and transparency you might use to show that you are meeting the secondary objective—that the…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Good morning, panel; thank you for coming. In their evidence to us a moment ago, the regulator said they would be transparent with regard to their responsibilities for…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)I guide the Committee and witnesses to my entry in the Register of Members’ Financial Interests.19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q I do not think that regulators are in ivory towers. I spent 20 years in financial services. They came to visit me and what they did with our firm never make me think they were…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q So you are suggesting that we should make some other amendments to the Bill to make sure that those things are there. Sally-Ann asked another witness earlier about the need for…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q May I refer to my themes of transparency, accountability and proportionality? Charlotte, in your written evidence you say that the Bill should be amended to achieve the correct…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q I thank the panel for coming this morning. I have two questions. Can we be clear that in the UK regulatory landscape and the international financial regulatory landscape there…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q I think it has been explicit all the way through that there is a hierarchy of objectives. Would you agree that the Bill should ensure that there is a clear set of metrics and…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q So, like you have just said with regard to the first question, we should look at ways of making sure that that is firmly set down, rather than just a principle. Emma Reynolds:…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q But in the US there is obviously a different system in terms of the scrutiny of the financial system, which is probably why that power is vested there. I think that, from what…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Good afternoon. That was a very clear expression of your views. I will ask three things. Do you think that we should wait and see how the intervention powers are actually…19 Oct 2022