Asked by: Baroness Falkner of Margravine (Crossbench - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what consultations they have undertaken with (1) central clearing parties, (2) asset managers, (3) investment banks, and (4) insurance firms, about regulations for future market access to the EU; whether they intend to undertake a public consultation on future EU market access for financial services; and if so, when.
Answered by Earl of Courtown - Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords)
The Government is in regular contact with the financial services industry on a range of EU issues, including the future relationship. This has included ministerial and official meetings with a wide range of central clearing parties, asset managers, investment banks, and insurance firms, among others, in order to inform our negotiations with the EU.
HM Treasury will continue to engage with the financial services sector as negotiations with the EU progress.
Asked by: Baroness Falkner of Margravine (Crossbench - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government whether they have made an assessment of whether those Russians listed by the United States Treasury Department on 30 January as potentially subject to United States sanctions for illegal activity, including those identified by the Anti-Corruption Foundation for wrongdoing under the UK Bribery Act 2010, are persons connected to companies listed on the London Stock Exchange.
Answered by Lord Bates
The Government is aware of the recent report issued by the United States Treasury Department. This report is not a sanctions list and does not impose sanctions on individuals and entities listed in it.
The UK implements sanctions agreed at the UN, EU or those the Government put in place autonomously. Only a relevant prohibition contained in these sanctions will prevent a person from being connected to companies listed on the London Stock Exchange .
Allegations of illegal activity under the UK Bribery Act 2010 are a matter for the operationally independent Serious Fraud Office to investigate.