"My Lords, it is a pleasure to follow the speeches of the noble Duke, the Duke of Wellington, and the noble Baroness, Lady Nicholson of Winterbourne. They both bring first-hand experience of the European institutions; I only wish more people who had served in Europe could make those points.
"Does the noble Lord agree that the logic of these allegations that if people have any evidence, we are a well and highly regulated country in our financial markets, and they should report that evidence to the existing regulators? In saying that, I need to declare that I am a …..." Baroness Falkner of Margravine - View Speech
"My Lords, I chair the EU Sub-Committee on Financial Affairs. The committee also has responsibility for the UK contribution into the EU budget, so the current discussion about cannot pay or will not pay is also pertinent to our role. I was also part of the EU Select Committee’s delegation …..." Baroness Falkner of Margravine - View Speech
"The noble Lord was of course a member of that committee and he knows the system well. What he loses sight of is the timing. The discussions are happening now. As far as I know, and I am sure the noble Lord knows, we are not at the table—this is …..." Baroness Falkner of Margravine - View Speech
"If I could conclude answering one intervention, I may be disposed to take another, but I am limited in my time and will perhaps wish to continue this bilaterally. Let me deal with the point made by the noble Lord, Lord Kerr...." Baroness Falkner of Margravine - View Speech
"No, I am sorry. I am not going to give way until I have dealt with the point made by the noble Lord.
The noble Lord’s point was that if we were full members sitting at the table we would negotiate not to give away our rebate—of course, because there …..." Baroness Falkner of Margravine - View Speech
"My Lords, I chair the EU Financial Affairs Sub-Committee of this House. We have been having a lot of conversations with regulators about appropriateness, as the noble Lord, Lord Bridges, has rightly pointed out. But words matter. The distinction in legal terms between “appropriate” and “necessary” is quite profound if …..." Baroness Falkner of Margravine - View Speech
"I completely accept the long experience that the noble Viscount, Lord Hailsham, has. I referred specifically to time in case there is a financial crisis. That is when regulators have to resolve institutions fairly quickly in co-operation with one another. That is a danger that we face at this point—10 …..." Baroness Falkner of Margravine - View Speech
"My Lords, my name is attached to the amendment but I will, indeed, be brief. The noble Lord, Lord Carrington of Fulham, said that he tabled the proposed new clause to be helpful to the Government. That may well be his motivation; it is not entirely mine. I attached my …..." Baroness Falkner of Margravine - View Speech
"Before we dispense with the amendment I have a brief question for the Minister. If I have understood him correctly, he has just said that when the negotiations are complete, the Government would set out and clarify their position. Can he tell me what he means by “when the negotiations …..." Baroness Falkner of Margravine - View Speech