Contributions
657 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill (Fourth sitting)On clause 18, could the Minister set out the range of disciplinary powers that the Bank of England, the FCA and the PRA have at their disposal short of preventing a critical third…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)We welcome clause 20, which we recognise would introduce tighter controls on those who approve financial promotions for others, to ensure that consumers are better protected. How…25 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)It is a pleasure to serve with you in the Chair, Dame Maria, especially after our time together on the Women and Equalities Committee. The Opposition recognise that enabling the…25 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)I watched every minute of the Minister’s appearance before the Treasury Committee. He specifically said that the Government would revoke the retained law by the end of next year,…25 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)Has the Minister picked up any feedback from the sector about the Government’s proposed reform to the position limits—a regulation under MiFID II—and the fact that they have not…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)Later, I will come to my amendment on the Bill’s fraud provisions, but I want to express my support for the intentions behind amendment 35. Does the Minister oppose in principle…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)Am I right in thinking that new section 71R gives the Treasury powers to introduce criminal sanctions without reference to Parliament? Does the Minister think it is right to…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)On clause 9, how does the Minister think third country central counterparties and CSDs will be adequately assessed by the Bank of England for the risks they pose to the UK’s…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)We support clause 12, which will empower the Treasury to give directions to the Bank where it considers it necessary in the public interest. Does the Minister not agree that such…25 Oct 2022HANSARDStamp Duty Land Tax (Reduction) BillI thank the hon. Member for Westmorland and Lonsdale (Tim Farron) for his speech. I agree with him wholeheartedly that very few people will benefit from this Bill, which does not…24 Oct 2022HANSARD Protection from Redundancy (Pregnancy and Family Leave) BillThe hon. Member is absolutely right. The cost of living in my constituency of Hampstead and Kilburn is extremely high, and those families were very worried about what would impact…21 Oct 2022HANSARD Protection from Redundancy (Pregnancy and Family Leave) BillI thank the hon. Member for her point. I do not just say this because she is the godmother to my children, but I have never met someone as hard-working and dedicated to her job as…21 Oct 2022HANSARD Protection from Redundancy (Pregnancy and Family Leave) BillIt is a pleasure to be here today, and to follow the right hon. and gallant Member for Beckenham (Bob Stewart). Let me start by paying tribute to my hon. Friend the Member for…21 Oct 2022HANSARD Protection from Redundancy (Pregnancy and Family Leave) BillI applaud the hon. Lady for having been a councillor and leader while having children, because if I had had children while I was a councillor, I could not have done it, given the…21 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q I thank the panel for coming today. The Government announced on Second Reading that they intend to introduce an intervention power enabling the Treasury to direct a regulator to…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Do you have anything to add, David? David Postings: I don’t really, no.19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q I have a quick follow-up. How do you think “significant public interest”, which is the phrase that is being used, should be defined? At what threshold do you think such a power…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Thank you very much for coming in to give evidence. I will ask about the intervention powers and whether TheCityUK and UK Finance have seen or been consulted by the Government…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Charlotte Clark, you mentioned net zero. Do you think the provisions relating to net zero in the Bill will have a significant impact in your sector, in terms of the green…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)Q Do you think that the PSR has the expertise and resource to effectively regulate payment systems using digital assets such as stablecoins? What I am getting to is the pros or…19 Oct 2022