"My Lords, both the amendment and the speech by the noble Baroness, Lady Neville-Rolfe, were sensible in terms of making us think about bank capital requirements and whether we have got them right. As she says, the first step is undertaking proper analysis to be able to work out whether …..." Lord Pitt-Watson - View Speech
"I also thank my noble friend the Minister for carrying out this review. In doing so, I wonder if it will be possible to address the problem of inconsistencies in regulation. For example, the definition of “terminal illness” is different in pensions regulation and for the DWP. Can we come …..." Lord Pitt-Watson - View Speech
"My Lords, if I might add to this debate, I begin by noting the huge cross-party agreement we have on lots of the issues the Bill raises, most particularly on this issue of ensuring access to financial services for everyone. That is what is behind so many of the amendments …..." Lord Pitt-Watson - View Speech
"If I might talk on this point, I have huge sympathy with the overall direction of where people want to go on this. Climate risk is clearly relevant for any financial manager managing the assets—the cash—of any ordinary citizen, be they a vicar of the Church of England or simply …..." Lord Pitt-Watson - View Speech
"For five years, there has been a director of ESG at the Financial Conduct Authority who has specifically taken responsibility for ensuring that, where relevant, it is embedded in what the FCA is doing. Most of the feedback I get from the FCA and financial practitioners suggests that he is …..." Lord Pitt-Watson - View Speech
"My Lords, I will speak to Amendments 93 and 94. I have not audited a bank or sat on a bank board, but I was a member of the Sharman committee that looked at the problems with auditing following the global financial crisis. I sat on the board of one …..." Lord Pitt-Watson - View Speech
"My Lords, my professional background before I joined the House was as a finance practitioner. I still work pro bono with consumer organisations, including some who have a view on the Bill. Most relevant to what I will say is that I am a fellow at Cambridge, where I teach …..." Lord Pitt-Watson - View Speech
"My Lords, as many noble Lords have pointed out, we have been living in uncertain times, made considerably more uncertain in the last three weeks by the Iran war. Against that, the Spring Statement is creditable. Growth is returning, and that is the Government’s central mission. Inflation and borrowing are …..." Lord Pitt-Watson - View Speech
"My Lords, I should start by declaring an interest. By background, I am an investor, but I teach a course and run a centre at Cambridge that focuses on the purpose of finance, thinking about what are the aspects of the finance industry that allow it to perform its purpose …..." Lord Pitt-Watson - View Speech
"My Lords, in contributing here, I should say my background is in responsible investment, with Hermes Fund Managers. It still on occasion offers me an office, from time to time. Since this is about responsible investment, as you can imagine, I could not more strongly support the principles of what …..." Lord Pitt-Watson - View Speech