Written Question
Thursday 9th June 2016
Asked by:
Baroness Liddell of Coatdyke (Labour - Life peer)
Question
to the HM Treasury:
To ask Her Majesty’s Government what discussions they have had with GCHQ about the security of customers of UK financial institutions.
Answered by Lord O'Neill of Gatley
The government takes the resilience of the financial sector, and the protection of bank customers, very seriously. Making sure that everyone has access to basic banking and financial services is at the heart of the government’s long term economic plan. The government is working with the banking industry, the retail sector, and law enforcement agencies to put in place the right steps to tackle online fraud against the public.
As the Chancellor announced in November, the government is creating a new National Cyber Security Centre, which will open in October. Its recently launched prospectus outlines the Centre’s proposed vision, goals and work. In February, the Home Secretary launched the Joint Fraud Taskforce, which aims to use the collective powers, systems and resources of banks, payment providers, police, wider law enforcement and regulators to tackle fraud, and raise awareness of the risk of fraud among consumers. Further details on both can be found on the GOV.UK website.
Written Question
Thursday 9th June 2016
Asked by:
Baroness Liddell of Coatdyke (Labour - Life peer)
Question
to the HM Treasury:
To ask Her Majesty’s Government what discussions they have had with UK banks about proposals to remove protection from customers whose accounts have been fraudulently accessed.
Answered by Lord O'Neill of Gatley
The government takes the resilience of the financial sector, and the protection of bank customers, very seriously. Making sure that everyone has access to basic banking and financial services is at the heart of the government’s long term economic plan. The government is working with the banking industry, the retail sector, and law enforcement agencies to put in place the right steps to tackle online fraud against the public.
As the Chancellor announced in November, the government is creating a new National Cyber Security Centre, which will open in October. Its recently launched prospectus outlines the Centre’s proposed vision, goals and work. In February, the Home Secretary launched the Joint Fraud Taskforce, which aims to use the collective powers, systems and resources of banks, payment providers, police, wider law enforcement and regulators to tackle fraud, and raise awareness of the risk of fraud among consumers. Further details on both can be found on the GOV.UK website.
Speech in Lords Chamber - Thu 04 Jun 2015
Queen’s Speech
"My Lords, sometimes when I wander the corridors of this building, I feel a bit like my namesake, Alice Liddell, and I have a sense that I have wandered through the looking glass. I feel that when I see names such as those of my noble friend Lord Desai and …..."Baroness Liddell of Coatdyke - View Speech
View all Baroness Liddell of Coatdyke (Lab - Life peer) contributions to the debate on: Queen’s Speech
Speech in Lords Chamber - Wed 11 Jun 2014
Queen’s Speech
"My Lords, my noble friend Lord Grocott knows me only too well. I would love to put in my tuppenceworth on Ukraine and the EU but I have a distinct sense that my country needs me at the moment—but maybe it thinks otherwise.
In his excellent contribution, the noble Lord, …..."Baroness Liddell of Coatdyke - View Speech
View all Baroness Liddell of Coatdyke (Lab - Life peer) contributions to the debate on: Queen’s Speech
Speech in Lords Chamber - Tue 15 Oct 2013
Financial Services (Banking Reform) Bill
"My Lords, I apologise to the Committee that I was not able to speak in the Second Reading debate, but I have followed the debate on this legislation very closely. I support my noble friend Lord Eatwell’s amendment but also wish to speak in support of some of the things …..."Baroness Liddell of Coatdyke - View Speech
View all Baroness Liddell of Coatdyke (Lab - Life peer) contributions to the debate on: Financial Services (Banking Reform) Bill
Speech in Lords Chamber - Tue 15 Oct 2013
Financial Services (Banking Reform) Bill
"My Lords, I found that to be a very interesting speech from the noble Baroness, Lady Noakes. She took up a point that I had been thinking about, but we come at the prevention of terrorism from a different point of view. I believe that with this legislation the prevention …..."Baroness Liddell of Coatdyke - View Speech
View all Baroness Liddell of Coatdyke (Lab - Life peer) contributions to the debate on: Financial Services (Banking Reform) Bill
Speech in Lords Chamber - Wed 18 Jul 2012
Financial Services Bill
"My Lords, I support my noble friend Lord McFall in this amendment but I greatly regret the fact that the amendment is necessary. One of the reasons for my regret is the appalling reputation that the financial services industry is earning now as a consequence of the events of the …..."Baroness Liddell of Coatdyke - View Speech
View all Baroness Liddell of Coatdyke (Lab - Life peer) contributions to the debate on: Financial Services Bill
Speech in Lords Chamber - Wed 18 Jul 2012
Financial Services Bill
"There is some confusion in my mind about what the noble Lord is saying. He is talking about the responsibility and the environment of risk in wholesale markets as against retail markets. Even in wholesale markets, there is now a need for a duty of care. The noble Lord was …..."Baroness Liddell of Coatdyke - View Speech
View all Baroness Liddell of Coatdyke (Lab - Life peer) contributions to the debate on: Financial Services Bill
Speech in Lords Chamber - Wed 18 Jul 2012
Financial Services Bill
"My Lords, I have felt passionately about financial education for a long number of years and I support the probing amendment in the name of the noble Lord, Lord Flight. I first became interested in the issue in the late 1990s in the aftermath of the personal pensions mis-selling débâcle …..."Baroness Liddell of Coatdyke - View Speech
View all Baroness Liddell of Coatdyke (Lab - Life peer) contributions to the debate on: Financial Services Bill
Speech in Lords Chamber - Tue 26 Jun 2012
Financial Services Bill
"My Lords, I am delighted that cleverer people than me have found this Bill incomprehensible, because I have real fears that we will get very lost in the detail of this Bill, and we will certainly get lost in the alphabet soup of acronyms contained within the Bill. However, I …..."Baroness Liddell of Coatdyke - View Speech
View all Baroness Liddell of Coatdyke (Lab - Life peer) contributions to the debate on: Financial Services Bill