UK Parliament / Open data

Critical Benchmarks (References and Administrators’ Liability) Bill [Lords]

Debate on bills on Thursday, 18 November 2021, in the House of Commons, led by John Glen. The answering member was Pat McFadden.
Second reading. Agreed to on question. Bill committed to a Committee of the Whole House.

About these Parliamentary proceedings

Reference

703 cc775-787 

Session

2021-22

Department

Treasury

Legislative stage

Second reading

Chamber / Committee

House of Commons chamber

Related items

Critical Benchmarks (References and Administrators' Liability) Bill (HL) 2021-22. Brought from the Lords.
Wednesday, 3 November 2021
Bills
House of Commons

Proceeding contributions

John Glen | 703 c776 (Link to this contribution)

I beg to move, That the Bill be now read a Second time.

Many Members will have heard of LIB...

Peter Grant | 703 c776 (Link to this contribution)

It is comforting to hear that most of these contracts will have transitioned over. In the Lords, ...


Show all contributions (10)
John Glen | 703 cc776-7 (Link to this contribution)

I cannot give the hon. Gentleman a precise figure. However, in my remarks now and further on, I w...

Bob Stewart | 703 c777 (Link to this contribution)

I thank my very good friend the Minister for allowing me to intervene. He understands all this, a...

John Glen | 703 cc778-780 (Link to this contribution)

As ever, my right hon. Friend makes a reasonable point, and I will come on to address the potenti...

Pat McFadden | 703 cc780-1 (Link to this contribution)

The programme motion we approved a short time ago allocated up to six hours for this process. As ...

Bob Stewart | 703 c781 (Link to this contribution)

Forgive me for intervening yet again, but, for the normal person, does synthetic LIBOR and 12 bas...

Pat McFadden | 703 cc781-3 (Link to this contribution)

No, it does not mean that. It means just over one-tenth of 1%, as there are 100 basis points in 1...

Peter Grant | 703 cc783-6 (Link to this contribution)

I am grateful to the Minister for setting out so clearly the background to the Bill and why it is...

John Glen | 703 cc786-7 (Link to this contribution)

I want to address thoroughly all the points raised by the right hon. Member for Wolverhampton Sou...

Subjects

Contracts
Financial services
Interest rates
Financial markets
Mortgages
Regulation
Financial Conduct Authority
LIBOR

Legislation

Critical Benchmarks (References and Administrators' Liability) Bill (HL) 2021-22

Link

View this Parliamentary proceeding on hansard.parliament.uk
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