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Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"We will have amendments discussing equivalence more directly later, but will the Minister confirm that nothing could be done to step away from or undermine equivalence, or does this allow that? That is certainly the way it has been read by most Members of this House...."
Baroness Kramer - View Speech

View all Baroness Kramer (LD - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"I am sorry, but the Minister just said that Clause 1(1)(b) allows an interpretation not to remain with the objective described in the European directive. His whole argument under Clause 1(1)(a) was that the words “corresponding” and “similar” provide, in different legal ways, for us to take steps only where …..."
Baroness Kramer - View Speech

View all Baroness Kramer (LD - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"My Lords—..."
Baroness Kramer - View Speech

View all Baroness Kramer (LD - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"My Lords, this is genuinely a question of clarification. Is the Minister saying to me—I cannot read it in the language of the Bill—that Clause 1(1)(b), which states:

“with any adjustments the Treasury consider appropriate”,

excludes the category of in-flight legislation described as,

“specified EU financial services legislation”?

I assume …..."

Baroness Kramer - View Speech

View all Baroness Kramer (LD - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"I say to the noble Lord—and perhaps to clarify for others—that I think there is a real difference regarding the in-flight legislation, which has gone through an extensive European process that we have been engaged in. That is a highly democratic process involving scrutiny and consultation on a scale that …..."
Baroness Kramer - View Speech

View all Baroness Kramer (LD - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"My Lords, I added my name to the amendment because I consider it one of the most important in the range we are addressing today. Two fundamental issues seem to underlie our concerns about the legislation. One issue comes from a constitutional perspective, concerning Henry VIII powers. It matters; we …..."
Baroness Kramer - View Speech

View all Baroness Kramer (LD - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"I think that there may be a misunderstanding. This would mean that statutory instruments could not be used to create divergence—it does not mean that primary legislation could not be used to do so. That is the underlying point...."
Baroness Kramer - View Speech

View all Baroness Kramer (LD - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"I know that we will discuss the sunset clause later. It does not mean that the statutory instruments created under this legislation die after two years, it means only that the powers in the overarching legislation will die. However, those two years are the critical period, so the sunset clause …..."
Baroness Kramer - View Speech

View all Baroness Kramer (LD - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 18 Dec 2018
Student Tuition Fees and Maintenance Loans

"My Lords, what most worries me is the distortion in decision-making that results in this silly game-playing with accounting standards. We saw it with PFI and with Network Rail and now, there is a great fear around the House that the student loan programme might be curtailed to improve the …..."
Baroness Kramer - View Speech

View all Baroness Kramer (LD - Life peer) contributions to the debate on: Student Tuition Fees and Maintenance Loans

Speech in Lords Chamber - Tue 04 Dec 2018
Financial Services (Implementation of Legislation) Bill [HL]

"My Lords, it seems rather strange to be the winder in a short debate like this. My noble friends Lord Sharkey and Lady Bowles laid out the position of these Benches with great clarity and raised a series of questions, so it is not my purpose today to repeat them …..."
Baroness Kramer - View Speech

View all Baroness Kramer (LD - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]