UK Parliament / Open data

Bank of England and Financial Services Bill [HL]

Committee of the Whole House (HL) and Debate on bills on Monday, 9 November 2015, in the House of Lords.
Lords committee stage (first day, part two). Clauses 5-11 agreed to.

About these Parliamentary proceedings

Reference

765 cc1880-1908 

Session

2015-16

Department

Cabinet Office

Legislative stage

Committee stage

Chamber / Committee

House of Lords chamber
Bank of England and Financial Services Bill (HL) 2015-16
Wednesday, 14 October 2015
Bills
House of Lords

Proceeding contributions

Lord Tunnicliffe | 765 c1881 (Link to this contribution)

Moved by

Lord Tunnicliffe

5: Clause 5, page 4, line 26, leave out subsection (2)

Lord Tunnicliffe | 765 cc1881-2 (Link to this contribution)

My Lords, in moving Amendment 5 I will speak also to Amendment 6. Amendment 5 omits the subsectio...


Show all contributions (50)
Lord Bridges of Headley | 765 cc1882-3 (Link to this contribution)

My Lords, I thank the noble Lord, Lord Tunnicliffe, for his introduction to his amendments. We di...

Lord Tunnicliffe | 765 cc1883-4 (Link to this contribution)

I thank the Minister for that response. He says that the court has delegated this to the Bank. Th...

Lord Sharkey | 765 c1884 (Link to this contribution)

Moved by

Lord Sharkey

7: Clause 6, page 5, line 11, leave out “5” and insert “6”

Lord Sharkey | 765 cc1884-5 (Link to this contribution)

My Lords, I will be very brief. This amendment would increase the number of non-executive directo...

Lord Tunnicliffe | 765 c1885 (Link to this contribution)

My Lords, I will try not to make this a habit, but I find the case persuasive.

Lord Ashton of Hyde | 765 c1885 (Link to this contribution)

My Lords, this has been a brief debate. I am sorry that it falls to me yet again to argue numbers...

Baroness Kramer | 765 c1886 (Link to this contribution)

Although this has been a brief debate, it is an important one. Can the Minister describe why he t...

Lord Ashton of Hyde | 765 c1886 (Link to this contribution)

I am certainly able to do that; I was just coming to that very point, I assure the noble Baroness...

Baroness Kramer | 765 c1886 (Link to this contribution)

I am sorry to interrupt the Minister again, but he said that the effect of this would be to place...

Lord Ashton of Hyde | 765 cc1886-7 (Link to this contribution)

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...

Lord Sharkey | 765 c1887 (Link to this contribution)

I thank the Minister for that response. There is no argument about the value of the CEO of the FC...

Baroness Noakes | 765 c1887 (Link to this contribution)

My Lords, can the noble Lord explain why he thinks that the Bank has any influence whatever over ...

Lord Sharkey | 765 c1887 (Link to this contribution)

There are two partial answers to the noble Baroness’s question. The first is, as I mentioned, tha...

Baroness Noakes | 765 c1887 (Link to this contribution)

I ought to say two things to that. The chief executive of the FCA was not summarily sacked; as I ...

Lord Sharkey | 765 cc1887-8 (Link to this contribution)

The fine distinction between being summarily dismissed and not having his contract renewed tempor...

Baroness Worthington | 765 c1888 (Link to this contribution)

Moved by

Baroness Worthington

8: After Clause 6, insert the following new Clause—

...
Baroness Worthington | 765 cc1888-1890 (Link to this contribution)

My Lords, today we are discussing a Bill that should have the long-term sustainability of the fin...

Baroness Kramer | 765 c1890 (Link to this contribution)

My Lords, I added my name to this amendment because this is a crucial discussion and an important...

Baroness Wheatcroft | 765 cc1890-1 (Link to this contribution)

My Lords, listening to the debate this afternoon, it is clear that many have concerns about the p...

Lord Davies of Oldham | 765 cc1891-2 (Link to this contribution)

My Lords, I would like to join in this debate because, although I respect the expertise of the no...

Lord Bridges of Headley | 765 cc1892-3 (Link to this contribution)

My Lords, I begin by thanking the noble Baroness, Lady Worthington, for sparing the time to meet ...

Baroness Worthington | 765 c1893 (Link to this contribution)

My Lords, I am genuinely grateful for how the Minister has responded to this amendment. It was in...

Lord Davies of Oldham | 765 c1893 (Link to this contribution)

Moved by

Lord Davies of Oldham

9: Clause 9, page 7, line 12, leave out “reasonable”

Lord Davies of Oldham | 765 c1894 (Link to this contribution)

My Lords, I shall speak also to the other amendments in this group. I will be brief. If ever I we...

Baroness Noakes | 765 cc1894-5 (Link to this contribution)

My Lords, the noble Lord, Lord Davies of Oldham, is being rather modest about these amendments. I...

Lord Higgins | 765 c1895 (Link to this contribution)

My Lords, the noble Lord, Lord Davies of Oldham, is always modest, but on this occasion he is exc...

Lord McFall of Alcluith | 765 c1895 (Link to this contribution)

My Lords, I support the noble Lord, Lord Higgins, and the noble Baroness, Lady Noakes. I was a me...

Lord Bridges of Headley | 765 cc1895-6 (Link to this contribution)

My Lords, as my noble friend Lady Noakes said, the noble Lord, Lord Davies, is once again being i...

Lord Davies of Oldham | 765 cc1896-7 (Link to this contribution)

My Lords, I am not going to withdraw it without first expressing my enormous appreciation for the...

Lord Bichard | 765 c1897 (Link to this contribution)

Tabled by

Lord Bichard

14: Clause 11, page 9, line 27, leave out from “section” to en...

Lord Bichard | 765 c1897 (Link to this contribution)

My Lords, if I might be allowed a moment of personal explanation, I was advised earlier today by ...

Baroness Fookes | 765 c1897 (Link to this contribution)

I take that as a kind of personal statement.

Lord McFall of Alcluith | 765 cc1897-9 (Link to this contribution)

My Lords, I shall move Amendment 14, which is in the group Amendments 14 to 18, concerning Clause...

Lord Higgins | 765 c1899 (Link to this contribution)

I am having a slight problem with Amendment 14. It seems, effectively, simply to put back again t...

Lord McFall of Alcluith | 765 c1899 (Link to this contribution)

I did not quite pick up on the noble Lord’s point.

Lord Higgins | 765 c1899 (Link to this contribution)

I will try again. Amendment 14 says,

“leave out from ‘section’ to end of line 28”,

wh...

Lord McFall of Alcluith | 765 c1899 (Link to this contribution)

In fact, the Comptroller and Auditor-General made clear to me that he does not want to question t...

Lord Young of Cookham | 765 c1900 (Link to this contribution)

My Lords, I will make a brief intervention in this debate as a former Treasury Minister and ex of...

Baroness Kramer | 765 cc1900-1 (Link to this contribution)

My Lords, I will briefly join in the debate. We have two very highly regarded independent organis...

Baroness Noakes | 765 c1901 (Link to this contribution)

My Lords, I support the amendments. I was deeply shocked to see that the Government proposed to g...

Lord Higgins | 765 cc1901-2 (Link to this contribution)

My Lords, first, I express regret that I was not able to speak at Second Reading. I was preoccupi...

Lord Davies of Oldham | 765 cc1902-3 (Link to this contribution)

My Lords, I do not enjoy the role of opposition a great deal but, just for once, in the light of ...

Lord Bridges of Headley | 765 cc1903-4 (Link to this contribution)

My Lords, it is always nice to start off with some sympathy for my position from the noble Lord, ...

Lord Higgins | 765 c1904 (Link to this contribution)

The Minister referred to the PAC. On the whole, we seem to be rather short of any input from the ...

Lord Bridges of Headley | 765 cc1904-6 (Link to this contribution)

My noble friend makes a good point and I will be happy to mull it over.

Turing to the Bill,...

Lord McFall of Alcluith | 765 cc1906-7 (Link to this contribution)

My Lords, I thank the Minister for his reply. He made a point about the Federal Reserve, in respe...

Lord Higgins | 765 c1907 (Link to this contribution)

The Minister has suggested that there was a compromise. It would not appear to be a compromise as...

Lord McFall of Alcluith | 765 cc1907-8 (Link to this contribution)

There cannot be a compromise when the court has the veto at the end of the day and this has been ...

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