Bank of England and Financial Services Bill [HL]
About these Parliamentary proceedings
Reference
765 cc1880-1908 Session
2015-16Legislative stage
Committee stageChamber / Committee
House of Lords chamberRelated items
Wednesday, 14 October 2015
Bills
House of Lords
Proceeding contributions
Moved by
Lord Tunnicliffe
5: Clause 5, page 4, line 26, leave out subsection (2)
My Lords, in moving Amendment 5 I will speak also to Amendment 6. Amendment 5 omits the subsectio...
Show all contributions (50)
My Lords, I thank the noble Lord, Lord Tunnicliffe, for his introduction to his amendments. We di...
I thank the Minister for that response. He says that the court has delegated this to the Bank. Th...
Moved by
Lord Sharkey
7: Clause 6, page 5, line 11, leave out “5” and insert “6”
My Lords, I will be very brief. This amendment would increase the number of non-executive directo...
My Lords, I will try not to make this a habit, but I find the case persuasive.
My Lords, this has been a brief debate. I am sorry that it falls to me yet again to argue numbers...
Although this has been a brief debate, it is an important one. Can the Minister describe why he t...
I am certainly able to do that; I was just coming to that very point, I assure the noble Baroness...
I am sorry to interrupt the Minister again, but he said that the effect of this would be to place...
I am sorry, but I do not think it is. If we say that the CEO of the FCA is one of the external me...
I thank the Minister for that response. There is no argument about the value of the CEO of the FC...
My Lords, can the noble Lord explain why he thinks that the Bank has any influence whatever over ...
There are two partial answers to the noble Baroness’s question. The first is, as I mentioned, tha...
I ought to say two things to that. The chief executive of the FCA was not summarily sacked; as I ...
The fine distinction between being summarily dismissed and not having his contract renewed tempor...
Moved by
Baroness Worthington
8: After Clause 6, insert the following new Clause—
...My Lords, today we are discussing a Bill that should have the long-term sustainability of the fin...
My Lords, I added my name to this amendment because this is a crucial discussion and an important...
My Lords, listening to the debate this afternoon, it is clear that many have concerns about the p...
My Lords, I would like to join in this debate because, although I respect the expertise of the no...
My Lords, I begin by thanking the noble Baroness, Lady Worthington, for sparing the time to meet ...
My Lords, I am genuinely grateful for how the Minister has responded to this amendment. It was in...
Moved by
Lord Davies of Oldham
9: Clause 9, page 7, line 12, leave out “reasonable”
My Lords, I shall speak also to the other amendments in this group. I will be brief. If ever I we...
My Lords, the noble Lord, Lord Davies of Oldham, is being rather modest about these amendments. I...
My Lords, the noble Lord, Lord Davies of Oldham, is always modest, but on this occasion he is exc...
My Lords, I support the noble Lord, Lord Higgins, and the noble Baroness, Lady Noakes. I was a me...
My Lords, as my noble friend Lady Noakes said, the noble Lord, Lord Davies, is once again being i...
My Lords, I am not going to withdraw it without first expressing my enormous appreciation for the...
Tabled by
Lord Bichard
14: Clause 11, page 9, line 27, leave out from “section” to en...
My Lords, if I might be allowed a moment of personal explanation, I was advised earlier today by ...
I take that as a kind of personal statement.
My Lords, I shall move Amendment 14, which is in the group Amendments 14 to 18, concerning Clause...
I am having a slight problem with Amendment 14. It seems, effectively, simply to put back again t...
I did not quite pick up on the noble Lord’s point.
I will try again. Amendment 14 says,
“leave out from ‘section’ to end of line 28”,
wh...
In fact, the Comptroller and Auditor-General made clear to me that he does not want to question t...
My Lords, I will make a brief intervention in this debate as a former Treasury Minister and ex of...
My Lords, I will briefly join in the debate. We have two very highly regarded independent organis...
My Lords, I support the amendments. I was deeply shocked to see that the Government proposed to g...
My Lords, first, I express regret that I was not able to speak at Second Reading. I was preoccupi...
My Lords, I do not enjoy the role of opposition a great deal but, just for once, in the light of ...
My Lords, it is always nice to start off with some sympathy for my position from the noble Lord, ...
The Minister referred to the PAC. On the whole, we seem to be rather short of any input from the ...
My noble friend makes a good point and I will be happy to mull it over.
Turing to the Bill,...
My Lords, I thank the Minister for his reply. He made a point about the Federal Reserve, in respe...
The Minister has suggested that there was a compromise. It would not appear to be a compromise as...
There cannot be a compromise when the court has the veto at the end of the day and this has been ...