Financial Services (Banking Reform) Bill

My Lords, I believe that these measures are valuable as an ultimate backstop, as the noble Lord h...

My Lords, I will write to the noble Lord on that point. My officials do not believe there is such...

Moved by

Lord Newby

62: After Clause 12, insert the following new Clause—

“Inte...

Moved by

Lord Newby

79: Before Clause 13, insert the following new Clause—

“Par...

My Lords, the Government want to see a competitive banking sector that delivers good outcomes for...

My Lords, I am grateful to the Minister for introducing these amendments. However, can we reflect...

My Lords, there is an assumption that competition is essentially and necessarily good and that mo...

My Lords, we spent the first part of the afternoon talking about how we get more diversity and co...

Moved by

Lord Newby

80: Before Clause 13, insert the following new Clause—

“Com...

My Lords, this group of amendments proposes changes to the statutory objectives of the PRA and FC...

I speak to Amendments 89 and 90 in my name. A recurrent theme in the reforms to which we have com...

My Lords, I remember discussing this at length during the passage of the previous Financial Servi...

My Lords, I am sorry that the noble Lord does not think that the matter has been satisfactorily e...

Moved by

Lord Newby

81: Before Clause 13, insert the following new Clause—

“Pow...

Moved by

Lord Newby

82: Clause 14, page 27, line 11, at end insert “and

(b) aft...

Moved by

Lord Turnbull

83: Before Clause 15, insert the following new Clause—

“...

I shall speak also to Amendments 84, 85 and 86. I believe that my colleague, the noble Lord, Lord...

My Lords, we had a considerable discussion about the creation of the rather unfortunately named o...

My Lords, I shall not take much of the Committee’s time. Most of these amendments are pretty marg...

My Lords, as noble Lords have said, the governance of the Bank of England was debated at great le...

It has not been moved yet.

I believe it is in this group. I hope that noble Lords will not mind if I deal very briefly with ...

My Lords, my noble friend the Minister has just pathetically addressed Amendment 87. None of his ...

My Lords, I support the noble Lord, Lord Lawson, on that point. The historical issue is extremely...

My Lords, we are clearly getting a proliferation of Bank of England committees. We have both the ...

My Lords, I will answer that question. The principal role of the Financial Policy Committee and i...

I listened to the responses to my intervention and divide them into two categories. One is points...

Before the noble Lord withdraws the amendment, I would like to correct the Minister on what he sa...

The noble Lord, Lord King, whom I know as well and for whom I have tremendous respect, told me on...

I beg leave to withdraw the amendment.

Moved by

Lord Newby

88: After Clause 15, insert the following new Clause—

“Buil...

My Lords, this amendment modernises building societies legislation and enables them to compete on...

My Lords, in general these are desirable and beneficial changes, although they do not really repr...

As I understand it, the Government are proposing to remove the provision that on demutualisation ...

My Lords, I am probably one of the few Members of your Lordships’ House who does not wear rose-ti...

My Lords, the noble Lord, Lord Eatwell, asked me two questions. The first one was about electroni...

Moved by

Lord McFall of Alcluith

91: After Clause 15, insert the following new Clause...

My Lords, this amendment is about the regulatory decisions committee that the Parliamentary Commi...

My Lords, I was a member of the first regulatory decisions committee established under the Financ...

My Lords, we have considered extremely carefully all the recommendations from the PCBS. They cont...

I beg leave to withdraw the amendment.

Moved by

Lord Lawson of Blaby

91A: After Clause 15, insert the following new Clause—<...

My Lords, I shall be brief; the hour is getting late. Like the amendment that I spoke to earlier ...

My Lords, I agree with my noble friend that the Governor of the Bank of England should never hesi...

I have heard what my noble friend has said and I am slightly reassured. I hope that the present G...

Moved by

Lord Phillips of Sudbury

91B: After Clause 15, insert the following new Clau...

My Lords, after 10.20 pm and with less than a dozen of us still hanging on, I shall be remarkably...

My Lords, this amendment proposes that the Treasury should be required to undertake a review into...

My Lords, I am surprised that the Minister is saying that we do not know what benefit this could ...

My Lords, I would not want the noble Lord to think that the Government were being complacent at a...

My Lords, I am slightly surprised that the Minister should be resistant to what seems to me a ver...

My Lords, I am grateful to the most reverend Primate and to the noble Lord, Lord McFall. However,...

My Lords, I am extremely grateful to my noble friend for clarifying exactly what lies behind his ...

I am not sure whether I am supposed to say any more to the Minister except, “Thank you”. I though...