"I too welcome the powerful, lucid and passionate way in which the noble Lord the Minister introduced, based on his own experience, the need for this Bill and the principal purposes behind it. It is also a great pleasure to follow the noble Lord, Lord Hunt, and his exposition of …..." Lord Thomas of Cwmgiedd - View Speech
"My Lords, I, too, welcome this Bill as an important step in strengthening the position of London in the world’s financial markets. However, I also pay tribute to the regulators, particularly the FCA, who have had to cope with markets that have changed enormously over the years that the FCA …..." Lord Thomas of Cwmgiedd - View Speech
"My Lords, I also thank the noble Lord, Lord Holmes, for obtaining this debate, and more so for his singular and determined leadership and focus on this issue. The need is becoming even more urgent for the Government to end their current policy of “just wait and see”. They should …..." Lord Thomas of Cwmgiedd - View Speech
"Will the Minister be able to outline the steps that are being taken by the Government to review the intergovernmental structures for co-operation between Cardiff, Westminster, Edinburgh and Belfast, and to ensure that these are strengthened over the next few months?..." Lord Thomas of Cwmgiedd - View Speech
"My Lords, in the gracious Speech, there are two matters where constitutional principle relating to our justice system requires particular scrutiny, and they also require scrutiny in relation to the strength of our union.
"My Lords, on the Motion that has been proposed as regards private prosecutions, it is very urgent that this is brought into effect as soon as possible. If the proposal goes ahead for an extensive consultation of the kind envisaged, together with impact assessments and responses, I fear this would …..." Lord Thomas of Cwmgiedd - View Speech
"My Lords, can I add one word? In my experience in dealing with a large number of offences where corporations were responsible, it is only fines—and fines of a substantial amount—that have any real effect. The fines in this Bill are modest, in my view. I hope everyone will realise …..." Lord Thomas of Cwmgiedd - View Speech
"My Lords, I shall make a few brief remarks in support of the Government. I declare an interest as chairman of the Financial Markets Law Committee, which issued a paper about two years ago now to try to explain the very complicated problems. This would be an easy matter to …..." Lord Thomas of Cwmgiedd - View Speech
"Before the noble Lord sits down, can I ask him a question? The instrument says, “on the law”. We know that English law operates so that there are some obligations that are performable only by His Majesty’s Government, and other obligations that are accorded only into domestic law. He surely …..." Lord Thomas of Cwmgiedd - View Speech
"My Lords, I hope I will be permitted to say something about Wales. I was going to make a much longer speech but my friend, the noble Baroness, Lady Smith of Llanfaes, made an excellent argument on the merits of the issues relating to Wales.