"My Lords, I declare my interests as set out in the register. I support these amendments, which have been so well explained by my noble friend Lady Noakes. In Grand Committee, the Minister accepted that there were concerns that a residual risk of disruption and potential litigation would remain even …..." Lord Blackwell - View Speech
"My Lords, once again I draw the Committee’s attention to my current and recent interests as set out in the register.
The purpose of this amendment is to place an obligation on the two regulators—the PRA and the FCA —to co-ordinate their agendas and priorities to ensure that their combined …..." Lord Blackwell - View Speech
"My Lords, I thank all noble Lords who have contributed to what has been a very helpful discussion. In moving this amendment, I was not advocating recreating the FSA; there may be a debate about that at some point in time. My point was that, having split out these separate …..." Lord Blackwell - View Speech
"My Lords, I too support these amendments and welcome the fact that the Bill addresses these issues. While Libor may have been effective in the past, we all know that it was becoming an unviable way of setting rates and was subject to manipulation, in the way mentioned by the …..." Lord Blackwell - View Speech
"My Lords, in addressing this group of amendments, I want to speak also to Amendment 85 in my name. As I set out at Second Reading, I should draw attention to the fact that I was chairman of a regulated bank until the beginning of the year, although my interests …..." Lord Blackwell - View Speech
"My Lords, I thank my noble friend the Minister for his very fulsome responses and other noble Lords for their contributions. In many of the contributions there was agreement that competitiveness was important for the financial services industry. I cannot agree with the noble Lord, Lord Sharkey, that because the …..." Lord Blackwell - View Speech
"My Lords, I have a lot of sympathy for the importance of inclusion. Financial services are clearly important to everyone, and I endorse the comments from my noble friend Lady Neville-Rolfe about the critical importance of financial education in achieving that. However, I have some difficulties with Amendment 8 on …..." Lord Blackwell - View Speech
"My Lords, I understand the motives of these amendments and sympathise with a lot of what has been said. However, I will be a dissenting voice on whether the form of the amendments is proportionate and practical in meeting the objectives set out.