Financial Services (Banking Reform) Bill

Moved by

Lord Deighton

10: Clause 5, leave out Clause 5

My Lords, this amendment removes Clause 5 from the Bill. It will leave the regulators, the PRA an...

Moved by

Lord Deighton

11: After Clause 8, insert the following new Clause—

“In...

Tabled by

Lord Eatwell

12: After Clause 8, line 13, leave out “4” and insert “2”

My Lords, given the assurance given by the Minister that we will return to this matter at Third R...

Moved by

Lord Deighton

16: After Clause 8, insert the following new Clause—

“Ri...

Moved by

Lord Deighton

17: Schedule 2, page 102, line 31, at end insert—

“(1A) ...

Moved by

Lord Eatwell

21: Before Clause 14, insert the following new Clause—

“P...

My Lords, Amendment 21, and Amendments 50 and 51 from the commissioners, refer to the professiona...

I hate to interrupt the noble Lord but I cannot resist saying that, unfortunately, the training o...

I am sure that the noble Lord, as a distinguished solicitor, would attest to that, as indeed he h...

What is a minimum threshold of integrity?

Being a “fit and proper person” would perhaps be appropriate. If the noble Lord is not aware of t...

My Lords, Amendment 50 is in my name and those of the noble Lords, Lord Turnbull, Lord Lawson of ...

My Lords, I remind the House that for a number of years I was a director of a quite large British...

My Lords, I support Amendments 21 and 51 as strongly as I can. We all know that the vast majority...

My Lords, I come down to a very practical issue. In the territory that we are discussing, pre-app...

My Lords, I support this amendment, which we have heard is really at the heart of the disasters o...

I shall add just a bit, particularly to what the noble Lord, Lord Phillips, was saying. When I en...

I do not think that we should run away with the idea of codes of conduct because, if you look bac...

I have enormous respect for the noble Lord, Lord McFall, but I think the idea of legislating to b...

My Lords, this is a very large group of amendments dealing with another key aspect of the Governm...

Before my noble friend sits down, can he give an undertaking that he will produce the further ame...

I have a great deal of sympathy with what the noble Lord says, and I can give an assurance that w...

That’s not saying much.

It is not saying a huge amount, but it is saying something, and I hope that because we are talkin...

Does the noble Lord agree that if we are to make a real difference this time—and he will sense a ...

My Lords, that is the key focus of the senior managers regime—that, for the first time, senior ma...

My Lords, I was intrigued by the proposals which the Minister suggests will be brought forward at...

Moved by

Lord Newby

22: Clause 14, page 27, line 20, leave out “bank” and insert “rel...

My Lords, this group of amendments, and similar amendments in the previous group, respond to conc...

Moved by

Lord Newby

23*: Clause 14, page 27, line 22, leave out “bank” and insert “re...

Moved by

Lord Brennan

26: Clause 15, page 28, leave out lines 4 to 7 and insert—

My Lords, I declare an interest, as I have done before, as chairman of Global Financial Integrity...

My Lords, in the past, anti-money-laundering legislation tended to be associated with crime, typi...

I want briefly to add my support to the amendment of the noble Lord, Lord Brennan. Money launderi...

My Lords, all Members of this House are what is known as PEPs for the purposes of anti-money-laun...

As I understand it, the money-laundering regulations specifically exclude British citizens, inclu...

I think the noble Lord may be right, but in practice, we are thus treated as a more dangerous cat...

My Lords, I am pleased to associate my name with all five amendments in this group, but I also wa...

My Lords, we are dealing here with an issue that everybody realises is an extremely important one...

Perhaps the noble Lord could clarify something. He made it absolutely clear that the FCA note rep...

My Lords, I will cover that issue in my letter. I am sorry that the noble Lord thinks that the FC...

My Lords, first, I had a meeting with officials from the Treasury, the content of which was, in s...

Moved by

Lord Mackay of Drumadoon

27: Clause 15, page 28, line 11, at end insert “but...

My Lords, the amendment seeks to amend Clause 15, and I will speak to Amendment 49, which seeks t...

My Lords, these amendments have the support of the Law Society of England and Wales as well as th...

My Lords, I understand the concern of the noble and learned Lord and that of the Law Society abou...

My Lords, I am grateful to the Minister for giving a very clear and detailed explanation of the G...

Moved by

Lord Deighton

29: Clause 16, page 28, line 18, leave out “bank” and insert “...

Moved by

Lord Deighton

31: Clause 16, page 28, line 29, leave out “bank” and insert “...

Moved by

Lord Deighton

32: Clause 17, page 28, line 42, leave out “bank” and insert “...

Moved by

Lord Deighton

39: Clause 19, page 30, line 29, leave out “bank” and insert “...

Moved by

Lord Deighton

44: Clause 22, page 35, line 10, leave out “banks” and insert ...

Moved by

Lord Deighton

46: Clause 22, page 35, line 20, leave out “PRA-authorised ban...

Moved by

Lord Deighton

48: Clause 22, page 35, line 22, leave out from beginning to “...

Moved by

The Archbishop of Canterbury

50: Clause 22, page 35, line 43, at end insert—...

I have already spoken to the amendment standing in my name. The members of the commission are del...

You have those assurances.

I beg leave to withdraw the amendment.

Moved by

Lord Deighton

52: Clause 23, page 36, line 19, leave out “bank” and insert “...

Moved by

Lord Deighton

61: Clause 23, page 37, line 27, leave out “PRA-authorised ban...

Moved by

Lord McFall of Alcluith

70: After Clause 23, insert the following new Clause...

This amendment is in response to government amendments to the Bill which amend the Financial Serv...

My Lords, I start by saying that we strongly agree with the last point made by the noble Lord; pe...

My Lords, given the form of the regulators in the past, the Minister’s words that