Contributions
657 recent contributions in Hansard
HANSARD Financial Services: Mansion House SpeechI have already mentioned our first step with the two SIs laid on 14 October, which try to modernise the Building Societies Act, and I am happy to send my hon. Friend further…18 Nov 2024HANSARD Financial Services: Mansion House SpeechMy hon. Friend knows this area well, having worked in the Treasury in a former life. We will absolutely make sure that we avoid the mistakes of a certain Liz Truss and work very…18 Nov 2024HANSARD Financial Services: Mansion House SpeechConsumer protection is at the heart of anything that we do in financial services. As well as being a Minister, I am a constituency MP; every time I have one of my surgeries, I…18 Nov 2024HANSARDNatWest Group: Government ShareholdingI would like to update the House on the disposal of £1 billion-worth of Government-owned NatWest Group—formerly Royal Bank of Scotland—shares, representing approximately 3.2% of…18 Nov 2024HANSARDGovernment Debt Issuance Pilot: Distributed Ledger TechnologyMy right hon. Friend the Chancellor of the Exchequer announced on Thursday 14 November at Mansion House that the Government intend to launch a pilot digital gilt instrument…18 Nov 2024HANSARD Financial Services: Mansion House SpeechI apologise on behalf of the Chancellor for the fact that she could not be here. If there are any specific questions for her, I will ensure that she knows what they are, and that…18 Nov 2024HANSARD Financial Services: Mansion House SpeechI thank the Opposition spokesperson for his comments. I think he welcomed the news, although I am not quite sure. He spoke a lot about the ex-Chancellor, the right hon. Member for…18 Nov 2024HANSARD Financial Services: Mansion House SpeechI thank my hon. Friend for that question. On pension funds, we are not looking at taking that action right now, but I will let her know when we take further action. On the remit…18 Nov 2024HANSARD Financial Services: Mansion House SpeechWe will build on the success of the pools that already exist. If the hon. Gentleman is not satisfied with my answer, the Minister for Pensions is happy to meet with him.18 Nov 2024HANSARD Financial Services: Mansion House SpeechI thank the hon. Lady for her comments. I will pass them on to the Financial Secretary to the Treasury, who will look into the matter. I am worried to hear what she says about…18 Nov 2024HANSARD Financial Services: Mansion House SpeechI thank my hon. Friend for her question. She has done an enormous amount of work in this area, and I applaud her for that. She was instrumental in the Government taking our…18 Nov 2024HANSARD Financial Services: Mansion House SpeechI know that the right hon. Member did a huge amount of work in the financial services sector while he was in office. The civil servants still talk about how amazing he was—much to…18 Nov 2024HANSARD Financial Services: Mansion House SpeechI know that my hon. Friend takes a keen interest in this area—she been talking about it for the 25 years that I have known her. We agree that it is important. The FCA and the PRA…18 Nov 2024HANSARD Financial Services: Mansion House SpeechThe Government will consult on replacing the certification regime, and will seek the views of industry and all interested stakeholders in doing so. We are working closely with the…18 Nov 2024HANSARD Financial Services: Mansion House SpeechThe consultation is ongoing, but I repeat that each administering authority will retain control over impactful decisions by setting out investment objectives and strategic asset…18 Nov 2024HANSARD Financial Services: Mansion House SpeechAs my hon. Friend said, she stood on a ticket as a Labour and Co-operative Member of Parliament, and she has done a lot of work in that area. Last week, the Chancellor set out…18 Nov 2024HANSARD Financial Services: Mansion House SpeechAs my hon. Friend knows, the Mansion House speech set out multiple new measures to unlock the full potential of the mutual sector. As he says, we welcome the establishment of an…18 Nov 2024HANSARDDraft European Bank for Reconstruction and Development (Further Payments to Capital Stock) Order 2024I beg to move, That the Committee has considered the draft European Bank for Reconstruction and Development (Further Payments to Capital Stock) Order 2024. It is a pleasure to…12 Nov 2024HANSARDDraft European Bank for Reconstruction and Development (Further Payments to Capital Stock) Order 2024It is always a pleasure to see the hon. Member for Grantham and Bourne in his place. I thank him for his support for the measure, and he is right to ask those questions. The other…12 Nov 2024HANSARDDraft Packaged Retail and Insurance-based Investment Products (Retail Disclosure) (Amendment) Regulations 2024
Draft Consumer Composite Investments (Designated Activities) Regulations 2024
Draft Securitisation (Amendment) (No. 2) Regulations 2024
Draft Prudential Regulation of Credit Institutions (Meaning of CRR Rules and Recognised Exchange) (Amendment) Regulations 2024It is a pleasure to serve under your chairmanship, Mr Efford. The regulations that we are introducing today will ensure effective, proportionate regulation for the financial…06 Nov 2024