Parliamentary search - Financial Services Bill

Type

Parliamentary proceeding

Reference

741 cc667-692

Session

2012-13

Department

Treasury

Legislative stage

Third reading

Chamber / Committee

House of Lords chamber

Financial Services Bill 2010-12 to 2012-13. As amended on Report.
Wednesday, 28 November 2012
Bills
House of Lords

Proceeding contributions

Lord Sassoon | 741 c667 (Link to this contribution)

Moved by

Lord Sassoon

1: Clause 3, page 2, line 40, after first “The” insert “court o...

Lord Sassoon | 741 cc667-8 (Link to this contribution)

My Lords, in most cases the legislation places duties, powers and obligations on the Bank as an i...

Show all contributions (65)

Lord Eatwell | 741 c668 (Link to this contribution)

My Lords, I am very grateful to the noble Lord for having clarified some obscurities in the Bill ...

Lord Flight | 741 c668 (Link to this contribution)

My Lords, there is one area in this territory on which I would appreciate some clarity. The princ...

Lord Sassoon | 741 cc668-9 (Link to this contribution)

My Lords, in response to the question raised by the noble Lord, Lord Eatwell, as I said at the be...

Lord Eatwell | 741 c669 (Link to this contribution)

Just for clarity, the noble Lord said that it is the responsibility of the directors—that is, the...

Lord Sassoon | 741 c669 (Link to this contribution)

Indeed. I should say that it is subject to what is laid down in statute about the Monetary Policy...

Lord Barnett | 741 c669 (Link to this contribution)

I hope I did not misunderstand, but the Minister seemed to say that all decisions of the Bank are...

Lord Sassoon | 741 c669 (Link to this contribution)

No, my Lords, that is not what I said. I said that the court is the governing body of the Bank. S...

Lord Newby | 741 c669 (Link to this contribution)

Moved by

Lord Newby

2: Clause 3, page 3, line 11, leave out “9B(1)(e)” and insert “9B...

Lord Newby | 741 c669 (Link to this contribution)

My Lords, this is a group of minor technical amendments which simply remedy some drafting glitche...

Lord Sassoon | 741 cc669-670 (Link to this contribution)

Moved by

Lord Sassoon

3: Clause 3, page 3, line 16, leave out “13(2)(c)” and insert “...

Lord Newby | 741 c670 (Link to this contribution)

Moved by

Lord Newby

8: Clause 4, page 6, line 26, leave out “2 members” and insert “o...

Lord Newby | 741 c670 (Link to this contribution)

My Lords, in response to an amendment at Report put forward by my noble friends Lady Noakes, Lady...

Lord Sassoon | 741 c670 (Link to this contribution)

Moved by

Lord Sassoon

9: Clause 4, page 6, leave out lines 30 to 34 and insert—

Lord Barnett | 741 c670 (Link to this contribution)

Moved by

Lord Barnett

10: Clause 4, page 7, line 7, leave out “subject to that” and i...

Lord Barnett | 741 cc670-1 (Link to this contribution)

My Lords, the amendment relates to something originally in the Bank of England Act 1998 which sho...

Lord Peston | 741 c671 (Link to this contribution)

My Lords, I wish to add two or three remarks to what my noble friend Lord Barnett has said.

Lord Sharkey | 741 c672 (Link to this contribution)

My Lords, I support some of the sentiments, but not the Amendment, of the noble Lords, Lord Barne...

Lord Sassoon | 741 cc672-3 (Link to this contribution)

My Lords, I will make sure that the suggestion to Mr Carney is passed on, but of course it is bre...

Lord Barnett | 741 c673 (Link to this contribution)

I am never surprised by the noble Lord and I am certainly not surprised today. I think I heard hi...

Lord Sassoon | 741 c673 (Link to this contribution)

Moved by

Lord Newby

11: Clause 4, page 15, line 3, at end insert—

“( ) The purp...

Lord Sassoon | 741 cc673-4 (Link to this contribution)

My Lords, Amendment 11 responds directly to a request made by the noble Lord, Lord Eatwell, on Re...

Lord Eatwell | 741 c674 (Link to this contribution)

My Lords, I am grateful to the Government for having taken on board the fact that there was some ...

Lord Sassoon | 741 c674 (Link to this contribution)

Moved by

Lord Sassoon

12: Clause 6, page 30, line 42, at end insert “court of directo...

Lord Sassoon | 741 c674 (Link to this contribution)

Moved by

Lord Sassoon

14: Clause 11, page 54, line 15, leave out “considers” and inse...

Lord Sassoon | 741 cc674-5 (Link to this contribution)

Moved by

Lord Sassoon

17: Clause 24, page 88, line 38, at end insert—

“137BA FC...

Lord Sassoon | 741 cc675-7 (Link to this contribution)

My Lords, on Report I committed to bring forward a government amendment to give the FCA an effect...

Lord Mitchell | 741 cc677-8 (Link to this contribution)

My Lords, never in my wildest dreams did I ever expect that I would be standing here at the oppos...

Bishop of Guildford | 741 cc678-9 (Link to this contribution)

My Lords, those of you who were present for prayers earlier this afternoon will have perhaps note...

Lord Peston | 741 c679 (Link to this contribution)

My Lords, I start by congratulating my noble friend Lord Mitchell and the noble Lord, Lord Sassoo...

Lord Barnett | 741 cc679-680 (Link to this contribution)

My Lords, perhaps I may add to what my noble friend Lord Peston has said. I will not repeat the m...

Lord Mitchell | 741 c680 (Link to this contribution)

It was Florida.

Lord Barnett | 741 c680 (Link to this contribution)

In Florida, they have to register this. If it was in Canada, the new Governor of the Bank of Engl...

Lord McFall of Alcluith | 741 cc680-1 (Link to this contribution)

My Lords, I congratulate the noble Lord, Lord Mitchell, the Government and others in the House on...

Baroness Howe of Idlicote | 741 c681 (Link to this contribution)

My Lords, I had not intended to say anything today, because I was pleased with the amendment. The...

Lord Sassoon | 741 cc681-2 (Link to this contribution)

My Lords, I am grateful for all those contributions. I will briefly respond to some of the specif...

Lord McFall of Alcluith | 741 c682 (Link to this contribution)

My Lords, I do not want to push my luck too much with the Minister, but he says that the rules wi...

Lord Sassoon | 741 c682 (Link to this contribution)

My Lords, I am sure that the industry has got the message loud and clear from this House that mor...

Lord Sassoon | 741 c682 (Link to this contribution)

Moved by

Lord Sassoon

18: Clause 24, page 102, line 6, after “to” insert—

“(a) ...

Lord Newby | 741 c682 (Link to this contribution)

Moved by

Lord Newby

19: Clause 31, page 125, line 26, leave out “desirable” and inser...

Lord Newby | 741 cc682-3 (Link to this contribution)

My Lords, last week on Report my noble friend Lord Sassoon signalled that the Government were min...

Baroness Cohen of Pimlico | 741 cc683-4 (Link to this contribution)

I, too, am supporting a government amendment, though one that is not nearly as dramatic as that s...

Baroness Kramer | 741 c684 (Link to this contribution)

My Lords, I rise with a question for clarification for the Minister. Is the net effect of this am...

Lord Fraser of Carmyllie | 741 cc684-5 (Link to this contribution)

My Lords, I declare an interest as a director of ICE Clear Europe, and I warmly welcome this extr...

Lord Eatwell | 741 c685 (Link to this contribution)

My Lords, perhaps I may simply elaborate a little on the question posed by the noble Baroness, La...

Lord Myners | 741 c685 (Link to this contribution)

Perhaps I may also ask a question following that of the noble Baroness, Lady Kramer. The concept ...

Lord Newby | 741 cc685-6 (Link to this contribution)

My Lords, I am extremely grateful for the warm welcome that these amendments have received from a...

Lord Sassoon | 741 c686 (Link to this contribution)

Moved by

Lord Sassoon

20: Clause 31, page 125, line 40, at end insert—

“(2A) Th...

Lord Sassoon | 741 c686 (Link to this contribution)

Moved by

Lord Sassoon

21: Clause 107, page 196, line 24, leave out “22(1A)” and inser...

Lord Sassoon | 741 cc686-7 (Link to this contribution)

Moved by

Lord Sassoon

22: Schedule 1, page 210, line 27, leave out from “stability” t...

Lord Sassoon | 741 c687 (Link to this contribution)

Moved by

Lord Sassoon

25: Schedule 2, page 214, line 11, leave out sub-paragraph (10)...

Lord Sassoon | 741 c687 (Link to this contribution)

Moved by

Lord Sassoon

26: Schedule 3, page 228, line 2, after “by” insert “the court ...

Lord Sassoon | 741 cc687-8 (Link to this contribution)

Moved by

Lord Sassoon

32: Schedule 5, page 248, line 31, at end insert—

“(b) af...

Lord Sassoon | 741 c688 (Link to this contribution)

Moved by

Lord Sassoon

33: Schedule 9, page 287, line 6, at end insert “, and

(d...

Lord Sassoon | 741 cc688-9 (Link to this contribution)

My Lords, Amendments 33 and 34 concern the new power provided for by this Bill for the regulators...

Lord Eatwell | 741 cc689-690 (Link to this contribution)

My Lords, I rise not with respect to the amendment but to reflect on the latter comments of the n...

Lord Barnett | 741 cc690-1 (Link to this contribution)

My Lords, I cannot let the Bill pass without saying a few words. I described the Bill as “shambol...

Lord Aberdare | 741 c691 (Link to this contribution)

He has sat down.

Lord Barnett | 741 c691 (Link to this contribution)

I understand that I must not do that, so I will mention the question that I would have asked him....

Lord Peston | 741 c691 (Link to this contribution)

My Lords, I will make a brief personal remark to the noble Lord, Lord Sassoon, who I believe is a...

Lord Newby | 741 c691 (Link to this contribution)

Moved by

Lord Newby

34: Schedule 9, page 287, line 8, leave out from “from” to end of...

Lord Newby | 741 c692 (Link to this contribution)

Moved by

Lord Newby

35: Schedule 12, page 302, line 21, leave out from “for” to end o...

Lord Newby | 741 c692 (Link to this contribution)

Moved by

Lord Newby

36: Schedule 13, page 309, line 41, leave out “other than PRA-aut...

Lord Newby | 741 c692 (Link to this contribution)

Moved by

Lord Newby

37: Schedule 18, page 345, line 10, leave out from “for” to end o...

Subjects

Financial services

Financial institutions

Regulation

Legislation

Financial Services Bill 2010-12 to 2012-13

Link

View this Parliamentary proceeding on www.publications.parliament.uk