Banks: Internet Transfers of Cash
Debate between Baroness Kennedy of Cradley and Baroness Penn
Baroness Penn
The regulations are not prescriptive in setting out how firms should carry out their due diligence. Instead, they require firms to take a proportionate approach that is commensurate with their assessment of the risk. I think that is the right approach for the Government to take.
Baroness Kennedy of Cradley (Non-Afl) [V]
My Lords, research this week has shown that billions of bank account details and passwords, for individuals and small and medium-sized businesses, are for sale on the dark web. What discussions have the Minister and her department had with the banks and the banking authorities to improve security for their customers?
Baroness Penn
The Government have an ongoing dialogue on the question of fraud and cybersecurity, and, as I said, we have a joint fraud task force that works across regulators and law enforcement to tackle this very serious problem.
Covid-19: Furloughed Space Grant Scheme
Debate between Baroness Kennedy of Cradley and Baroness Penn
Baroness Penn
The Government are very cognisant of the impact of the two-metre rule on businesses and it is kept under constant review. The biggest support we can give businesses is to bring transmission of the virus down. That will allow us to take steps forward out of lockdown, as we have been able to do with the opening of non-essential retail outlets today.
Baroness Kennedy of Cradley (Lab) [V]
My Lords, with consumer confidence at its lowest for a decade, and with local convenience shops, which have been a lifeline for many during the lockdown, relying on the extra hours of trading time on a Sunday evening to keep them viable, what is the economic case needed for the Government to consider a change to the Sunday trading laws?