Financial Markets and Services APPG

First Registered: 30/07/2015 • Last updated on: 06/10/2021

Official Page

To provide parliamentarians with a unique forum for briefings and constructive debate on issues relating to the financial sector with senior city practitioners, advisors, economists and academics.

Note: All-Party Parliamentary Groups (APPGs) are informal, cross-party groups formed by MPs and Members of the House of Lords who share a common interest in a particular policy area, region or country. APPGs have no official status within Parliament.


This content was generated for your convenience by Parallel Parliament and does not form part of the official record.
Recent Documents related to Financial Markets and Services

1. Financial Services and Markets Act 2000 (Central Counterparties, Investment Exchanges, Prospectus and Benchmarks) (Amendment) Regulations 2020
05/02/2020 - Secondary Legislation

Found: Instruments2020 No. 117Financial ServicesThe Financial Services and Markets Act 2000 (Central Counterparties, Investment

2. Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2021
11/10/2021 - Secondary Legislation

Found: Instruments2021 No. 1127Financial Services And MarketsThe Financial Services and Markets Act 2000 (Exemption) (Amendment)

3. Financial Services and Markets Act 2000 (Exemption) (Amendment) Order 2020
20/03/2020 - Secondary Legislation

Found: Instruments2020 No. 322Financial Services And MarketsThe Financial Services and Markets Act 2000 (Exemption) (Amendment)

4. Draft Financial Services and Markets Act 2000 (PRA-regulated Activities) (Amendment) Order 2021
28/06/2021 - HM Treasury
- View source

Found: section 22 B(3)(a) of the Financial Services and Markets Act 2000 , for approval

5. Brazil-UK Financial Markets Dialogue: Joint Statement
05/10/2021 - HM Treasury
- View source

Found: Policy paper Brazil-UK Financial Markets Dialogue: Joint Statement Brazil and

Latest Documents
Recent Speeches related to Financial Markets and Services

1. UK’s Financial Services Industry
21/06/2021 - Commons Chamber

1: our most vibrant and innovative sectors, financial services. I am proud to champion it in Parliament - Speech Link
2: Brexit to allow for the regulation of our financial services has not yet been realised and that there - Speech Link
3: the financial services sector.Some say that we should not speak too much about financial services - Speech Link

2. Financial Services Bill (Eighth sitting)
26/11/2020 - Public Bill Committees

1: of the benchmarks regulation. It requires the Financial Conduct Authority to conduct and publish a review - Speech Link
2: counterparts directly, as well as through the Financial Stability Board’s official sector steering group - Speech Link
3: projected into the future.To ensure that markets are not distorted and the potential for nefarious - Speech Link

3. Financial Services (Distance Marketing) (Amendment and Savings Provisions) (EU Exit) Regulations 2019
05/03/2019 - Lords Chamber

1: the draft Financial Regulators’ Powers (Technical Standards etc.) and Markets in Financial Instruments - Speech Link
2: the draft Financial Regulators’ Powers (Technical Standards etc.) and Markets in Financial Instruments - Speech Link

4. Financial Services Bill
09/11/2020 - Commons Chamber

1: we heard the Chancellor describe the UK’s financial services industry as fundamental to our economic strength - Speech Link

5. Financial Services Bill (Eleventh sitting)
03/12/2020 - Public Bill Committees

1: Union regulatory equivalence for UK-based financial services businesses‘(1) The Treasury must prepare - Speech Link
2: (d) inflation,(e) financial stability, and(f) financial liquidity.(3) A review - Speech Link

Latest Speeches
Recent Questions related to Financial Markets and Services
1. Financial Markets
asked by: Lord Myners
15/02/2021
... have reviewed the adequacy of the capitalisation of securities and derivative clearing houses since the introduction of restrictions on dealings in GameStop and AMC Entertainment; and what assessment they have made of the robustness of resolution plans for clearing houses

2. Financial Markets
asked by: Lord Bishop of St Albans
15/02/2021
... of the decision by some retail stock brokerages to prevent traders from taking long positions on specific stocks on 28 January.

3. Financial Markets
asked by: Lord Bishop of St Albans
15/02/2021
...To ask Her Majesty's Government what assessment they have made of the actions of some retail stock brokerages preventing retail traders from purchasing specific stocks on 28 January; and what plans the Financial Conduct Authority has to investigate the matter.

4. Financial Markets
asked by: Lord Myners
26/03/2020
...To ask Her Majesty's Government whether the recent equity market falls have surpassed stress test levels used to determine the capital adequacy of central clearing houses supervised by the Financial Conduct Authority.

5. Financial Markets
asked by: Lord Myners
24/03/2020
...To ask Her Majesty's Government what plans they have to secure extra dollar swap arrangements to support trade and financial settlements.

Latest Questions
APPG Supplied Content

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13 Current APPG Officers
Bim Afolami Portrait
Bim Afolami
Chair & Registered Contact
Conservative - Hitchin and Harpenden
Joined: 31st July 2019
Kirsty Blackman Portrait
Kirsty Blackman
Vice Chair
Scottish National Party - Aberdeen North
Joined: 31st July 2019
Lord Dykes Portrait
Lord Dykes
Vice Chair
Crossbench - Life peer
Joined: 28th September 2017
Lord Tyrie Portrait
Lord Tyrie
Vice Chair
Non-affiliated - Life peer
Joined: 4th November 2020
2 APPG Memberships
Extraordinary Rendition , Music
Alun Cairns Portrait
Alun Cairns
Vice Chair
Conservative - Vale of Glamorgan
Joined: 4th November 2020
Gareth Davies Portrait
Gareth Davies
Vice Chair
Conservative - Grantham and Stamford
Joined: 4th November 2020
Lord Sharpe of Epsom Portrait
Lord Sharpe of Epsom
Vice Chair
Conservative - Life peer
Joined: 21st April 2021
1 APPG Membership
Hong Kong
Contact Details

Registered Contact:

Bim Afolami MP, House of Commons, London, SW1A 0AA.

Email: bim.afolami.mp@parliament.uk

Public Enquiry Point:

John Ludlow, UK Finance, 5th Floor, 1 Angel Court, London EC2R 7HT. Tel: 07771 845 041

Email: John.ludlow@ukfinance.org.uk

Secretariat:

UK Finance acts as the group's secretariat. https://www.ukfinance.org.uk/

Group's Website:

http://apgfms.org.uk/

Benefits in Kind
Date
22 Jan 2021
Source
UK Finance
Description
UK Finance is paid by Industry Advisory Group to act as the group's secretariat   From : 22/01/2021 To : 21/01/2022
Value
£18,001
Date
22 Jan 2020
Source
UK Finance
Description
UK Finance is paid by Industry Advisory Group to act as the group's secretariat   From : 22/01/2020 To : 21/01/2021
Value
£13,501
Date
18 Jul 2019
Source
Industry Advisory Group
Description
Secretariat   From : 18/07/2019 To : 17/07/2020   Cost Met : Industry Advisory Group acts as the group's secretariat and pays UK Finance to help it fulfil this role
Value
£13,501
Date
18 Jul 2018
Source
Industry Advisory Group
Description
Secretariat   From : 18/07/2018 To : 17/07/2019   Cost Met : Industry Advisory Group acts as the group's secretariat and pays UK Finance to help it fulfil this role
Value
£13,501
Date
18 Jul 2017
Source
Industry Advisory Group
Description
Secretariat   From : 18/07/2017 To : 17/07/2018   Cost Met : Industry Advisory Group acts as the group's secretariat and pays UK Finance to help it fulfil this role
Value
£13,501
Date
1 Jan 2015
Source
Industry Advisory Group
Description
Secretariat   From : 01/01/2015 To : 31/12/2015
Value
£12,001

No direct financial benefits are on record for the Financial Markets and Services APPG

Former APPG Officers
Wes Streeting Portrait
Wes Streeting
Chair & Registered Contact
Labour - Ilford North
Joined: 18th July 2018
Departed: 5th November 2019
Robert Neill Portrait
Robert Neill
Secretary
Conservative - Bromley and Chislehurst
Joined: 30th July 2015
Departed: 5th November 2019
Lee Rowley Portrait
Lee Rowley
Vice Chair
Conservative - North East Derbyshire
Joined: 31st July 2019
Departed: 11th September 2019
Alan Mak Portrait
Alan Mak
Vice Chair
Conservative - Havant
Joined: 30th July 2015
Departed: 19th June 2019
No other APPG Memberships
Ranil Jayawardena Portrait
Ranil Jayawardena
Vice Chair
Conservative - North East Hampshire
Joined: 28th September 2017
Departed: 19th June 2019
No other APPG Memberships
Baroness Cohen of Pimlico Portrait
Baroness Cohen of Pimlico
Vice Chair
Labour - Life peer
Joined: 30th July 2015
Departed: 6th June 2018
1 APPG Membership
East of England
Alan Mak Portrait
Alan Mak
Vice Chair
Conservative - Havant
Joined: 30th July 2015
Departed: 2nd May 2017
No other APPG Memberships