"My Lords, I am grateful to noble Lords who have tabled amendments in this group, which all take broadly the same approach to the cost benefit analysis panels. The underlying point addressed here is simple: if we are serious about accountability, proportionality and reducing regulatory burden, the panels that already …..." Lord Altrincham - View Speech
"My Lords, I am grateful to the noble Baroness, Lady Bowles, and my noble friend Lady Noakes for bringing forward these amendments. I declare my interest as a director of South Molton Street Capital, which is regulated by the FCA.
"My Lords, I am grateful to my noble friend Lord Holmes—and for his rather delicate comments on “pale and male”—for bringing forward these amendments. They raise an important set of questions about open finance, innovation, emerging technology and the extent to which the regulatory framework is preparing for the financial …..." Lord Altrincham - View Speech
"My Lords, I will speak briefly to the government amendments in this group and declare my interest as a director of South Molton Street Capital, which is regulated by the FCA. I thank the Minister for explaining so clearly these amendments. He has described them as minor technical amendments and …..." Lord Altrincham - View Speech
"My Lords, this is a welcome amendment because it raises important questions about the structure of our regulatory framework and in particular about whether the regulatory principle set out in Section 3B of FSMA—the eight principles—remain coherent, useful and properly calibrated to the circumstances in which we now find ourselves.
"My Lords, this amendment raises an important question around private credit and how our regulatory framework should respond to emerging risks in modern financial markets. I look forward to the Minister’s tactful comments on this amendment, given that the noble Baroness, Lady Kramer, spoke so well in favour of private …..." Lord Altrincham - View Speech
"My Lords, I am grateful to the noble Baronesses, Lady Kramer and Lady Bowles, for bringing these amendments—and to the right reverend Prelate for his reference to scripture. They raise important questions and will facilitate a useful debate about access to finance, the responsibilities of financial institutions and the right …..." Lord Altrincham - View Speech
"My Lords, I declare my interest in South Molton Street Capital, which is regulated by the FCA.
The amendments in this group reflect concerns similar to those raised in our previous debate. As the noble Baroness, Lady Bowles, and my noble friend Lady Neville-Rolfe have argued, it is for the …..." Lord Altrincham - View Speech
"My Lords, the closure of bank branches presents a case study in increasing regulation and declining service. The regulations were put in place to preserve access to retail banking. Will the Minister commit to reviewing the overarching settlement for banks in the UK to ensure that retail banking does not …..." Lord Altrincham - View Speech
"I thank the Minister for hosting this debate with such courtesy and speaking so well at the start. I declare my interest as a director of South Molton Street Capital and also as former director of the Co-operative Bank. I follow the words of my noble friend Lady Neville-Rolfe in …..." Lord Altrincham - View Speech