Mentions:
1: William Wragg (CON - Hazel Grove) The power imbalance between SMEs and banks and other large financial firms leaves small businesses vulnerable - Speech Link
2: William Wragg (CON - Hazel Grove) Restructuring Group and the HBOS Reading fraud.The schemes that have been set up have all been heavily - Speech Link
3: William Wragg (CON - Hazel Grove) that record keeping and data flows about SMEs can be used to monitor bank behaviour and culture, and - Speech Link
4: Stewart Hosie (SNP - Dundee East) We remember the actions of RBS, GRG and a variety of comparable outfits. - Speech Link
Mentions:
1: Lord Fox (LDEM - Life peer) In my view and that of others, the carve-out for SMEs is short-sighted and unnecessary. - Speech Link
2: None noble and noble and learned Lords, he will never find a friendlier group of collaborators. - Speech Link
3: Lord Macdonald of River Glaven (CB - Life peer) It disagreed and did not recommend any statutory exemption for SMEs. - Speech Link
4: Baroness Bowles of Berkhamsted (LDEM - Life peer) Global Restructuring Group to be powerless to intervene, although fraud was pretty clear, because business - Speech Link
Mentions:
1: Baroness Bowles of Berkhamsted (LDEM - Life peer) Bond, London Capital & Finance and RBS’s Global Restructuring Group, but there are many more.Smaller - Speech Link
2: Lord Sharkey (LDEM - Life peer) There was also the treatment of SMEs by the Royal Bank of Scotland’s global restructuring group; the - Speech Link
3: Baroness Kramer (LDEM - Life peer) My Lords, the last group of amendments and this one are not identical and cover different aspects of - Speech Link
4: Baroness Kramer (LDEM - Life peer) that any institution outside that group—and there is a great range of new banks, challenger banks and - Speech Link
5: Lord Sharkey (LDEM - Life peer) It is as though there is nothing wrong with all this and the SMEs are protected, happy and profitable - Speech Link
Mentions:
1: Baroness Bennett of Manor Castle (GRN - Life peer) remains an open and dynamic global financial centre. - Speech Link
2: Lord Sikka (LAB - Life peer) Again, the FCA failed.The FCA and its predecessor bodies also failed to properly regulate RBS and HBOS - Speech Link
3: Baroness Kramer (LDEM - Life peer) restructuring group of RBS, the mis-selling of interest rate caps to SMEs—I could go on for the next - Speech Link
4: Viscount Younger of Leckie (CON - Excepted Hereditary) and Lady Bennett, asked: why LCF and not other firms? - Speech Link
Mentions:
1: Lord Holmes of Richmond (CON - Life peer) Amendment 129 offers the appropriate level of support and clarity to our SMEs, and consistency in the - Speech Link
2: None A global and co-ordinated approach to regulation makes risks easier to manage and supports greater financial - Speech Link
3: Earl Howe (CON - Excepted Hereditary) and competitiveness of the UK as a global financial centre. - Speech Link
4: Baroness Kramer (LDEM - Life peer) Ltd v RBS, and Fine Care Homes Ltd v NatWest. - Speech Link
Mentions:
1: Baroness Hayman (CB - Life peer) from across civil society and academia feed into the UK’s Green Technical Advisory Group.”It would be - Speech Link
2: None But given the risk of stranded assets and of a sudden sea change in global perceptions of the urgency - Speech Link
3: Lord Tunnicliffe (LAB - Life peer) form of low-cost credit, and that is equally true of SMEs. - Speech Link
4: None We know that this is global, as it involves not just UK businesses and citizens, and the outstandings - Speech Link
Mentions:
1: Harriett Baldwin (CON - West Worcestershire) He and the Chancellor highlighted the UK’s importance as a global financial centre. - Speech Link
2: Kevin Hollinrake (CON - Thirsk and Malton) Global Restructuring Group SME banking scandal and the Lloyds HBOS Reading scandal. - Speech Link
3: Jim Shannon (DUP - Strangford) and services to the global economy, and the support to do so. - Speech Link
4: Stephen Hammond (CON - Wimbledon) If we are to have a global Britain and a globally successful Britain, financial services—and services - Speech Link
5: Bim Afolami (CON - Hitchin and Harpenden) I speak as a former corporate lawyer working in strategy and restructuring at HSBC. - Speech Link
Mentions:
1: Lord Shipley (LDEM - Life peer) My name is attached to Amendment 20, which is part of a group concerned with safety and accessibility - Speech Link
2: Baroness Bowles of Berkhamsted (LDEM - Life peer) My Lords, I speak in support of Amendments 9 and 10, although many in this group which make a lot of - Speech Link
3: Baroness Williams of Trafford (CON - Life peer) I beg to move Amendment 29 and look forward to responding to the other amendments in this group. - Speech Link
4: Lord Clement-Jones (LDEM - Life peer) Most of these companies are UK-based and many are global. - Speech Link
Mentions:
1: Lord Stevenson of Balmacara (LAB - Life peer) Many of the companies likely to take advantage of the new measures will be SMEs, and many SMEs will be - Speech Link
2: Baroness Bowles of Berkhamsted (LDEM - Life peer) less in the pot for SMEs, unsecured creditors and pension fund deficits? - Speech Link
3: Lord Mendelsohn (LAB - Life peer) by tilting the balance towards restructuring and saving companies. - Speech Link
4: Earl of Shrewsbury (CON - Excepted Hereditary) That bank had a division known as Global Restructuring Group that became infamous. - Speech Link
Mentions:
1: Alok Sharma (CON - Reading West) restructuring professionals trade association—and the Trades Union Congress. - Speech Link
2: Edward Miliband (LAB - Doncaster North) fully consulted on any restructuring plan, and the court could then take that into account. - Speech Link
3: Edward Miliband (LAB - Doncaster North) Gentleman knows a lot about this, and I congratulate him for his work on the all-party group dealing - Speech Link
4: Kevin Hollinrake (CON - Thirsk and Malton) and Lloyds Banking Group. - Speech Link