Contributions
657 recent contributions in Hansard
HANSARD Employment Relations (Flexible Working) BillAs my hon. Friend says, this issue is close to my heart and I am glad she has cited the work of Pregnant Then Screwed, which has done valuable research on this topic. She will…28 Oct 2022HANSARD Co-operatives, Mutuals and Friendly Societies BillIt is a pleasure to support my hon. Friend the Member for Preston (Sir Mark Hendrick) in bringing this important issue to Parliament for debate. It is also impressive that there…28 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)We support the clause, which will empower the Treasury to require the Bank of England to carry out a review of a specific rule, but let me ask the Minister again: does he not…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)I will speak to clauses 34 and 35 together. Statutory panels make an invaluable contribution, based on panel members’ experience and expertise, to the FCA’s and PRA’s…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)I am not sure, but I think the Minister was advocating for a general election; I am not putting words in his mouth. I understand what he is saying, but we asked the witnesses to…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)We support the powers granted to the Treasury in clause 27 to require the regulator to conduct reviews of existing rules. We think that is a proportionate and sensible approach.…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)I thank the hon. Member for tabling the amendment. In principle, Opposition Members are supportive of providing regulators with clearly defined metrics to assess their…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)Obviously I do not want to offend the Minister, but I point him to the facts. I would like to hear what he has to say in response to the evidence given by William Wright, who, I…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)We welcome clause 25 and the new regulatory principles for the FCA and the PRA, which will require the regulators, when discharging their general functions, to have regard to the…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)The Minister sounds like he is closing his speech, and I have not heard what he thinks about TheCityUK’s suggestion of asking regulators to report their performance against…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)I will speak to clause 24. I was going to speak to amendment 43, but it has not been moved. We strongly welcome clause 24. We are completely committed to supporting the City to…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)It is a pleasure to see the Minister still in his place. I speak to clauses 21 and 22 and schedule 6 together. Properly regulated innovations that have emerged in the crypto…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)We support clause 23, but how does the Minister think it will help the UK to secure international trade agreements that are favourable to the UK’s financial services sector? I ask…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)I will not detain the Committee too long. The Minister keeps referring to the industry, which he seems to suggest is supportive of the intervention power, but no one has seen it.…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fifth sitting)The Minister has talked about regulated stablecoins, but I did not get an answer to my question about how they will interact with the central bank digital currency that we know is…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)I have one quick question for the Minister. Are the Government required to consult or give advance notice before sending a policy letter to regulators? If not, is there a risk…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)The Minister has already said that he is open to discussion about this, but I specifically want to turn to the role of the Treasury Committee. The Opposition are pleased to see a…27 Oct 2022HANSARDFinancial Services and Markets Bill (Sixth sitting)When I was first elected, I was told by another MP here that I should pick an issue, stick to it and talk about it constantly. I pay tribute to my hon. Friend the Member for…27 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)We welcome Government amendment 22 and Government new clause 14, which we recognise would extend financial protection to cryptoassets. It is a welcome and important move that will…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)We strongly support the clauses. A sandbox for financial markets infrastructure will support innovations in the fintech sector, such as developments in blockchain, which has the…25 Oct 2022