Bank of England and Financial Services Bill [HL]
About these Parliamentary proceedings
Reference
767 cc1988-2054 Session
2015-16Legislative stage
Report stageChamber / Committee
House of Lords chamberRelated items
Wednesday, 4 November 2015
Parliamentary committees
House of Lords
Monday, 9 November 2015
Parliamentary committees
House of Lords
Wednesday, 11 November 2015
Bills
House of Lords
Friday, 11 December 2015
Parliamentary committees
House of Lords
Show all related items (5)
Tuesday, 15 December 2015
Bills
House of Lords
Proceeding contributions
Moved by
Lord Bridges of Headley
1: Clause 3, page 4, line 6, at end insert—
“(...
My Lords, I am grateful for the discussions we have had on Bank governance to date. In this group...
Show all contributions (97)
Moved by
Lord Eatwell
2: Clause 3, line 3, at beginning insert “At the request of the...
My Lords, this amendment seeks to provide the Treasury Select Committee of another place with the...
My Lords, I am somewhat puzzled by the amendment, because it seems to be a power which the Treasu...
My Lords, I have no wish to detain the House. The Government have listened to the concerns that w...
My Lords, I echo the words of the noble Baroness, Lady Kramer. It seems that the Government have ...
My Lords, I declare an interest as a former member of the Court of the Bank of England. I support...
My Lords, I am grateful to the Minister for his introduction to this debate. He will not have bee...
I begin by thanking the noble Lord, Lord Davies, for his kind words. Let me reciprocate by saying...
My Lords, I am impressed by the extensive lack of support for this amendment throughout the House...
Moved by
Lord Bridges of Headley
3: Clause 4, page 4, line 10, leave out subsection (...
Moved by
Lord Bridges of Headley
5: Clause 5, page 4, line 27, leave out subsections ...
Moved by
Lord Bridges of Headley
6: Clause 11, page 9, line 28, leave out “general po...
My Lords, I turn to amendments on NAO reviews, which concern Clause 11. One of the objectives of ...
My Lords, it was clear in the earlier stages of the Bill that there was significant conflict betw...
My Lords, in declaring my interest as chairman of the National Audit Office Board I hope that I w...
My Lords, I also welcome the progress that my noble friend has made since we discussed this matte...
My Lords, I will not detain the House very long. The National Audit Office and the Bank of Englan...
My Lords, I add my thanks to the Minister and others on this issue. I have had a letter from the ...
My Lords, I have not taken any previous part in the debates on this Bill. I intervene only to exp...
My Lords, I also congratulate the Minister and the parties involved on finding a pragmatic and wo...
My Lords, the Comptroller and Auditor-General and the National Audit Office are in agreement with...
My Lords, the Opposition are of course glad that peace has broken out. As a token of that peace, ...
My Lords, I thank all those who have offered me congratulations, which really should be to those ...
Moved by
Lord Bridges of Headley
7: Clause 11, page 9, line 28, at end insert—
...
Moved by
Lord Bridges of Headley
10: Schedule 2, page 37, line 6, leave out ““Committ...
Moved by
Lord Bridges of Headley
12: Schedule 3, page 48, line 28, leave out paragrap...
Moved by
Lord Ashton of Hyde
13: Before Clause 18, insert the following new Clause—
My Lords, this amendment provides for the Treasury to issue remit letters to the FCA, a measure f...
My Lords, our one concern with this amendment was that it could in some way compromise the statut...
My Lords, I was going to make almost exactly the same contribution and my question was exactly al...
My Lords, I am very grateful to both the noble Baroness and the noble Lord, Lord Davies. I can on...
Moved by
Baroness Kramer
14: Before Clause 18, insert the following new Clause—
My Lords, once upon a time not so long ago, small local banks and building societies—some of them...
My Lords, the amendment tabled by the noble Lord, Lord Naseby, which the Government support, is a...
My Lords, I shall speak to the new clause which stands in my name as Amendment 15. In doing so, I...
My Lords, I am grateful to both the noble Baroness, Lady Kramer, and my noble friend Lord Naseby ...
Can I just add one point for the Minister? The FCA has recently completed a review of its competi...
After this, it will be alert to the need to look at diversity. I will come to how we deal with mu...
My Lords, I record my enormous thanks to Her Majesty’s Government, colleagues from across the Hou...
Moved by
Lord Naseby
15: Before Clause 18, insert the following new Clause—
“Di...
Moved by
Baroness Worthington
16: Before Clause 18, insert the following new Clause—<...
My Lords, in Committee we considered three issues relating to the wider sustainability of financi...
My Lords, it is a great pleasure to speak to this amendment. Indeed, I had meant to put my name t...
My Lords, it is only a short while ago that my noble friend Lady Worthington was speaking from th...
My Lords, I am sympathetic to the intent of the amendment, and it is important that the Governmen...
My Lords, I am grateful to the Minister for his response. I am not entirely satisfied that this i...
Moved by
Lord Bridges of Headley
17: Clause 19, page 15, line 21, leave out from begi...
My Lords, Amendments 17, 18 and 19 make some small technical changes to the Bill. The purpose of ...
My Lords, as these are technical changes we do nothing but endorse them and comment on the obviou...
Moved by
Lord Bridges of Headley
18: Clause 19, page 16, line 10, at end insert—
<...Moved by
Lord Bridges of Headley
19: Clause 20, page 17, line 17, at end insert—
<...Moved by
Lord Tunnicliffe
20: Clause 22, leave out Clause 22
My Lords, I rise with some trepidation to bring this period of peace to a close. I, too, have bee...
Burden of proof.
Thank you very much—the implementation of the reverse burden of proof. If I go back to my script,...
My Lords, I am going to speak only briefly on this issue. My noble friend Lord Sharkey, who is si...
My Lords, speaking purely as a superannuated judge with no particular expertise in banking, I opp...
I will just make a point of clarification, because a number of noble Lords have made this comment...
With respect, as I understand it, this is a punishable offence; therefore it is a criminal offenc...
Is the noble and learned Lord aware that the Minister who introduced the Financial Services (Bank...
That is by no means conclusive of the issue. However, for the most part I am not hinging my argum...
My Lords, I declare the interests shown under my name in the register. I should also declare that...
My Lords, I have a short checklist of points that I would like to make. I start by thanking the n...
My Lords, looking back over the discussions on this issue, inside and outside this House, I canno...
Perhaps I may ask a question of the noble Lord, Lord Turnbull. The FCA stated just over a week ag...
That is not exclusive. Elsewhere, there is still a duty of responsibility. There is still persona...
After the speeches that we have heard, particularly that of the noble Lord, Lord Turnbull, I had ...
My Lords, like the noble Lord, Lord Turnbull, I was a member of the Parliamentary Commission on B...
My Lords, I support the amendment for three reasons, which I shall shortly state. First, there is...
My Lords, I think we all agree that to impose a reverse burden of proof on a person to establish ...
My Lords, I wish to speak up for the Parliamentary Commission on Banking Standards. Some of my co...
My Lords, this amendment has led to a very interesting debate. I would like to pick up on what th...
My Lords, I am conscious that there are two possible tests for deciding when to bring a debate to...
Moved by
Lord Ashton of Hyde
21: Clause 26, page 22, line 6, at end insert—
“( ...
My Lords, this may not be quite so interesting. Clause 26 will introduce a power into the Financi...
My Lords, the Government received good advice from the Delegated Powers Committee. I am surprised...
I am grateful to the noble Lord for those comments.
Moved by
Lord Bridges of Headley
22: Clause 27, page 22, line 41, after “(2A)” insert...
My Lords, this group makes several small pensions amendments, which I shall highlight briefly.
Moved by
Lord Bridges of Headley
23: Clause 27, page 22, line 41, leave out “Treasury...
Moved by
Lord Bridges of Headley
25: After Clause 27, insert the following new Clause...
My Lords, this amendment introduces an advice requirement for some of those consumers who wish to...
My Lords, I refer to my entry in the register of interests, in particular my membership of the bo...
My Lords, I will speak briefly to Amendment 25. I thank the noble Lord, Lord Bridges, for his cou...
My Lords, I am not here to pile Pelion upon Ossa. I counted that at least 12 questions of conside...
I start by thanking the noble Baroness, Lady Drake, and the noble Lord, Lord McKenzie, for sparin...
Moved by
Lord Bridges of Headley
26: After Clause 27, insert the following new Clause...
Moved by
Lord Bridges of Headley
27: After Clause 28, insert the following new Clause...
My Lords, the amendments in this group are being made to correct an error made in the National Sa...
My Lords, I have seen some responses of a technical nature from Governments in the past which hav...
Moved by
Lord Bridges of Headley
28: Clause 29, page 27, line 44, leave out “and publ...
Finally, my Lords, this amendment implements a recommendation of the Delegated Powers Committee m...
My Lords, we are in complete agreement with the Government on this amendment.
Moved by
Lord Bridges of Headley
29: Clause 30, page 28, line 30, after “Treasury” in...
Moved by
Lord Bridges of Headley
30: Clause 32, page 29, line 22, at end insert—
<...