Financial Services Bill

My Lords, it might be to the benefit of the House if I give the Government’s response to this ame...

My Lords, my name is down on the amendment. I thank the noble Lord, Lord Newby, for that most hel...

My Lords, perhaps I may just add a brief comment. I had a conversation this morning with the entr...

I join the strong voices that we have heard so far on the amendment and again thank the Minister ...

My Lords, I am delighted, nay honoured, to see my name alongside that of the future Archbishop of...

I would like to thank all noble Lords who have spoken in this brief debate, particularly my noble...

Moved by

Lord Newby

29: Clause 6, page 23, line 32, leave out “or”

These amendments relate to the matter raised by the noble Lord, Lord Davies of Oldham, during ear...

My Lords, I am amazed at the inability of the Treasury to get this one right. My noble friend Lor...

My Lords, it is an indicative list. We have added to it on the basis of comments by the noble Lor...

Moved by

Lord Newby

30: Clause 6, page 23, line 33, at end insert “, or

(d) the...

Moved by

Lord Newby

32: Clause 6, page 25, line 28, after “The” insert “FCA”

My Lords, this group of amendments includes the government amendments which introduce a practitio...

My Lords, I am delighted to see that my Amendment 37A has effectively been reproduced by the Gove...

My Lords, as I said earlier today, it feels rather wrong to establish a PRA practitioner panel wh...

I am grateful to the noble Lord, Lord Flight, for his support for what we are seeking to achieve....

Moved by

Lord Newby

33: Clause 6, page 25, line 30, after “the” insert “FCA”

34...

Moved by

Lord Flight

36A: Clause 6, page 29, line 19, at end insert—

“(c) seeki...

My Lords, Amendments 36A and 36B are, to some extent, alternatives. I prefer Amendment 36A. As an...

My Lords, I shall speak to the government amendments in this group and then I shall address the a...

My Lords, I speak in support of the noble Lord, Lord Flight. I appreciate that the Government hav...

I thank the noble Baroness, Lady Kramer, for her support, and I agree with everything that she ha...

Moved by

Lord Newby

37: Clause 6, page 31, line 11, at end insert “, and

(b) th...

Moved by

Lord Newby

38: Clause 6, page 32, leave out lines 15 to 18

39: Clause ...

Moved by

Lord Newby

40: Clause 6, page 33, line 37, leave out “2H” and insert “2H(1)(...

Moved by

Lord Hodgson of Astley Abbotts

41: Clause 6, page 34, line 1, leave out “or ...

My Lords, in moving Amendment 41, I will speak to Amendments 42 and 43. My noble friend Lord Shar...

My Lords, I rise to speak most strongly in favour of my noble friend Lord Hodgson’s amendment. I ...

My Lords, these amendments again look to amend the proportionality principle to which both regula...

My noble friend will not be surprised to hear me say that I am extremely disappointed with that r...

Moved by

Lord Newby

44: Clause 6, page 34, line 5, at end insert—

“( ) the desi...

My Lords, we all accept that the financial services sector is integral to the prosperity of the w...

My Lords, despite my disappointment over the last three amendments, I congratulate the Government...

My Lords, I simply want to ask a question of the noble Lord, Lord Hodgson, as well as to say that...

Will the Minister elaborate on what he said about the role of this amendment in relation to the f...

It is not often that I rise to offer sympathy to the Minister. He was quite right to say that the...

I am grateful for the contributions from all noble Lords who have spoken. I do not want to go int...

Moved by

Lord Newby

45: Clause 6, page 34, line 11, at end insert—

“(da) the de...

Moved by

Lord Newby

46: Clause 6, page 34, line 43, leave out “2H” and insert “2H(1)(...

Moved by

Baroness Hayter of Kentish Town

46A: Clause 6, page 36, line 9, at end inser...

My Lords, these amendments are about the heart of banking and insurance. They are about stewardsh...

My Lords, no one would doubt the importance of stewardship and of ensuring the proper conduct of ...

I thank the noble Lord, Lord Newby, for that. Of course, he did not answer the point that I made....

Moved by

Lord Newby

47: Clause 6, page 36, line 30, leave out from beginning to end o...

The government amendments in this group make a change to the way that with-profits policies will ...

My Lords, I thank the Government for bringing forward this group of amendments, which meets the c...

Moved by

Lord Newby

48: Clause 6, page 37, leave out line 21

49: Clause 6, page...

Moved by

Lord Newby

61: Schedule 3, page 207, line 28, after “3I” insert “or 3IA”

Moved by

Baroness Hayter of Kentish Town

61A: Schedule 3, page 207, line 31, at end i...

My Lords, we have spoken already about the need to have information from banks about their lendin...

My Lords, having agreed earlier today that we want to require the FCA to obtain and publish these...

My Lords, I warmly thank the Minister because sympathy was much more than I got when I spoke on c...

Moved by

Lord Newby

62: Schedule 3, page 210, leave out lines 8 to 21 and insert—

My Lords, this group of amendments provides for new arrangements for the use of revenue from fina...

My Lords, I just want to say that clearly the Government could do with the money, but the origina...

Possibly the new component in the equation is just the scale of the fines that we have seen. The ...

Moved by

Lord Newby

63: Schedule 3, page 212, line 34, at end insert—

“(1A) Any...

Moved by

Lord Flight

63A: Schedule 3, page 214, line 24, at end insert “and to the de...

My Lords, during the Committee stage of this Bill, I made the point that it would surely be appro...

I will briefly support my noble friend’s amendment. There has been quite a lot of talk about how ...

My Lords, the Government absolutely agree that insurance expertise should be represented on the P...

Before my noble friend sits down, when we discussed this matter before, the Minister replied in t...

My Lords, nothing has changed since the point at which the noble Lord, Lord De Mauley, wrote his ...

Is it felt that a single representative is sufficient in relation to the overall size of the boar...

My Lords, neither the Government nor the Bank have said that there will never be more than one in...

I thank the noble Lord for his comments and beg leave to withdraw the amendment.

Moved by

Lord Newby

64: Schedule 3, page 216, leave out line 13

64A: Schedule 3...