Baroness Uddin
Main Page: Baroness Uddin (Non-affiliated - Life peer)Department Debates - View all Baroness Uddin's debates with the HM Treasury
(9 years, 10 months ago)
Lords ChamberMy Lords, I have spent much of the past five years in this Chamber legislating to improve the governance of the banks. We have passed several major pieces of legislation to make long overdue improvements in the ways in which the financial services sector is managed. For example, we have introduced too-big-to-fail processes of various sorts, the ring fence and the bail-in, as well as new standards for senior managers in banks. All of these things will improve the way in which banks are managed and a number of them were actively opposed, when they were in government, by the previous Administration.
My Lords, on another aspect of banking and confidence, is the Minister aware that a number of well respected charities, particularly those working in developing countries, have had their bank accounts closed without any explanation or notice? Is he aware of that and, if so, has he had any representations from these groups? If not, will he accept a delegation of some of the groups affected disproportionately by this measure?
My Lords, I have not had any representations, and of course I would be very happy to meet a delegation.