"My Lords, I thank the noble Lord, Lord Carlile, and the Minister for their comments in this debate. The noble Lord, Lord Carlile, may be interested to know that I am a victim of the PBO too. The reason that “Treasury” appears where I put “Lord Chancellor” is down to …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, building societies occupy a unique place in the United Kingdom’s financial system. Unlike banks, they are not owned by external shareholders; they are owned by their members. That distinction is fundamental. It means that the legitimacy of a building society rests not only upon prudent management and financial …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, I support these amendments. They almost follow naturally from the debate that we had earlier about the need for a structurally competent wholesale function within the FCA. It is clear that you cannot produce a credible cost-benefit analysis without a credible evaluation capability. The PRA has understood that …..." Baroness Bowles of Berkhamsted - View Speech
"I thank the Minister and the noble Baroness, Lady Neville-Rolfe; I might take the noble Baroness up on her offer to proceed further with something to do with blind voting. I accept that this is the “Full Monty” version, which I put in at this stage because I wanted to …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, I broadly support Amendment 142A, and I thank the noble Lord, Lord Hunt, for bringing it forward. I also think that the amendment in the name of the noble Lord, Lord Ashcombe, or something similar would obviously be needed as some kind of companion to it.
"Shortly after my proposal first surfaced, I was contacted by people involved in the Australian royal commission on financial services, because they had noted that I had reached the same conclusion as them: that it was too big a job for Parliament to do by itself, given everything else that …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, I thank all those who have spoken in this debate, in particular the noble Baroness, Lady Noakes, for her last intervention; I presume that the Minister had finished speaking. Perhaps we need 200 amendments on Report saying, “This has to be done proportionately”. That is literally where we …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, I am moving my Amendment 121, and I support the amendments in this group in the name of the noble Lord, Lord Bridges. My proposal is for an independent oversight mechanism for our financial services regulators. It builds on the ideas in Section 1S of FSMA 2000, under …..." Baroness Bowles of Berkhamsted - View Speech