Financial Stability: Private Equity Firms Debate

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Department: HM Treasury

Financial Stability: Private Equity Firms

Lord Foulkes of Cumnock Excerpts
Wednesday 13th December 2023

(4 months, 3 weeks ago)

Lords Chamber
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Baroness Vere of Norbiton Portrait Baroness Vere of Norbiton (Con)
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I accept that the AI regulatory system is still in development, but that is not unique to the United Kingdom. The AI summit convened by the Prime Minister made good steps in the right direction.

Lord Foulkes of Cumnock Portrait Lord Foulkes of Cumnock (Lab Co-op)
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Can we send our deepest sympathies to Sir Jacob Rees-Mogg on the demise of Somerset Capital Management, and hope that this will now enable him to spend more time looking after his constituency?

Baroness Vere of Norbiton Portrait Baroness Vere of Norbiton (Con)
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I am not aware that there was a question there—but if the noble Lord wants to send his sympathies, I am sure they will have been heard.