Lord Sharkey - Alert Sample

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View the Parallel Parliament page for Lord Sharkey

Information between 29th February 2024 - 9th April 2024

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Division Votes
4 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 71 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 258 Noes - 171
4 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 69 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 260 Noes - 169
4 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 70 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 274 Noes - 172
4 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 71 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 282 Noes - 180
4 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 69 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 277 Noes - 167
6 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 66 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 228 Noes - 184
6 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 66 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 244 Noes - 160
6 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 70 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 278 Noes - 189
6 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 69 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 265 Noes - 181
6 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 67 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 246 Noes - 171
11 Mar 2024 - Digital Markets, Competition and Consumers Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 61 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 209 Noes - 193
11 Mar 2024 - Digital Markets, Competition and Consumers Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 61 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 204 Noes - 192
11 Mar 2024 - Digital Markets, Competition and Consumers Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and against the House One of 61 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 199 Noes - 199
11 Mar 2024 - Digital Markets, Competition and Consumers Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 59 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 217 Noes - 192
11 Mar 2024 - Digital Markets, Competition and Consumers Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 62 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 202 Noes - 187
13 Mar 2024 - West Midlands Combined Authority (Transfer of Police and Crime Commissioner Functions) Order 2024 - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 43 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 137 Noes - 54
13 Mar 2024 - Digital Markets, Competition and Consumers Bill - View Vote Context Lord Sharkey voted Aye - in line with the party majority and in line with the House One of 52 Liberal Democrat Aye votes vs 0 Liberal Democrat No votes Tally: Ayes - 165 Noes - 154

Speeches
Lord Sharkey speeches from: Financial Services and Markets Act 2000 (Disapplication or Modification of Financial Regulator Rules in Individual Cases) Regulations 2024 Lord Sharkey contributed 3 speeches (860 words) Tuesday 26th March 2024 - Grand Committee HM Treasury

Written Answers
Financial Conduct Authority and Prudential Regulation Authority Asked by: Lord Sharkey (Liberal Democrat - Life peer) Tuesday 12th March 2024 Question to the HM Treasury: To ask His Majesty's Government what, if any, statutory powers they have to issue binding directions to (1) the Financial Conduct Authority, and (2) the Prudential Regulation Authority; and on how many occasions in each year since 2010 they have been exercised. Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury) The Treasury has a limited number of powers to direct the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). It has a power to direct the regulators to take an action if doing so is necessary to fulfil international obligations, or to refrain from action which appears incompatible with international obligations. The Treasury also has powers of direction which are designed to promote the accountability and transparency of the FCA and PRA. These include the power to direct the regulators to: Review specified rules, where doing so is in the public interest; Report on their performance, where necessary for scrutinising the discharge of their functions; Carry out an investigation into a specified event of regulatory failure in certain circumstances, including, in the case of the PRA, where public funds have been expended. These powers have not been used. The Treasury has a power to direct the FCA and PRA to undertake an investigation of relevant events, where it is in the public interest, in certain circumstances. This power has been used twice: in 2018, to direct the PRA to review the events relating to the supervision of the Co-operative Bank, and in 2019, to direct the FCA to review the events relating to the failure of London Capital and Finance. The Treasury does not have direction-making powers in relation to the FCA or the PRA regarding the content of their rules, or their approach to supervision and enforcement.
Bank of England Asked by: Lord Sharkey (Liberal Democrat - Life peer) Wednesday 27th March 2024 Question to the HM Treasury: To ask His Majesty's Government what, if any, statutory powers the Bank of England has to issue binding directions to (1) the Prudential Regulation Authority, (2) the Financial Conduct Authority, and (3) the Payment Systems Regulator; and on how many occasions in each year since 2007 they have been exercised. Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury) The Treasury has statutory powers to issue directions to the Bank of England, which can only be used under specific conditions or circumstances. None of the powers outlined below have ever been used. Under section 4 of the Bank of England Act 1946, the Treasury may direct the Bank, after consultation with the Governor, to action that is deemed to be necessary in the public interest. This power of direction applies to all of the Bank’s activities, with the exception of monetary policy and the exercise of the Bank’s functions as the Prudential Regulation Authority (PRA). Under section 19 of the Bank of England Act 1998, the Treasury may by order, after consultation with the Governor, direct the Bank with respect to monetary policy if it is deemed to be in the public interest and required by extreme economic circumstances. Under section 410 of the Financial Services and Markets Act 2000, the Treasury may direct the PRA and the Bank to not take an action that would be incompatible with the UK’s international obligations. Under Section 61 of the Financial Services Act 2012, the Treasury may direct the Bank on specific measures relating to the assistance to or stabilisation of financial institutions. The Bank of England also has powers to direct the Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR). Under section 9H of the Bank of England Act 1998, the Bank of England’s Financial Policy Committee (FPC) has powers of direction over the PRA and FCA (limited to the use of specific macroprudential tools). To date, the FPC has only ever used this power to implement the Leverage Ratio. Under sections 9Y and 9Z of the Bank of England Act 1998, the Bank may direct the FCA to provide documents or information that the Bank reasonably requires for its financial stability functions. This power has never been used. Under section 100 of the Financial Services (Banking Reform) Act 2013, the Bank has the power to direct the PSR not to exercise its powers, under specific circumstances. This power has never been used.
Bank of England Asked by: Lord Sharkey (Liberal Democrat - Life peer) Wednesday 27th March 2024 Question to the HM Treasury: To ask His Majesty's Government what, if any, statutory powers they have to issue binding directions to the Bank of England; and on how many occasions in each year since 2007 they have been exercised. Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury) The Treasury has statutory powers to issue directions to the Bank of England, which can only be used under specific conditions or circumstances. None of the powers outlined below have ever been used. Under section 4 of the Bank of England Act 1946, the Treasury may direct the Bank, after consultation with the Governor, to action that is deemed to be necessary in the public interest. This power of direction applies to all of the Bank’s activities, with the exception of monetary policy and the exercise of the Bank’s functions as the Prudential Regulation Authority (PRA). Under section 19 of the Bank of England Act 1998, the Treasury may by order, after consultation with the Governor, direct the Bank with respect to monetary policy if it is deemed to be in the public interest and required by extreme economic circumstances. Under section 410 of the Financial Services and Markets Act 2000, the Treasury may direct the PRA and the Bank to not take an action that would be incompatible with the UK’s international obligations. Under Section 61 of the Financial Services Act 2012, the Treasury may direct the Bank on specific measures relating to the assistance to or stabilisation of financial institutions. The Bank of England also has powers to direct the Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR). Under section 9H of the Bank of England Act 1998, the Bank of England’s Financial Policy Committee (FPC) has powers of direction over the PRA and FCA (limited to the use of specific macroprudential tools). To date, the FPC has only ever used this power to implement the Leverage Ratio. Under sections 9Y and 9Z of the Bank of England Act 1998, the Bank may direct the FCA to provide documents or information that the Bank reasonably requires for its financial stability functions. This power has never been used. Under section 100 of the Financial Services (Banking Reform) Act 2013, the Bank has the power to direct the PSR not to exercise its powers, under specific circumstances. This power has never been used.

Written Answers

Financial Conduct Authority and Prudential Regulation Authority
Asked by: Lord Sharkey (Liberal Democrat - Life peer)
Tuesday 12th March 2024

Question to the HM Treasury:

To ask His Majesty's Government what, if any, statutory powers they have to issue binding directions to (1) the Financial Conduct Authority, and (2) the Prudential Regulation Authority; and on how many occasions in each year since 2010 they have been exercised.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The Treasury has a limited number of powers to direct the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

It has a power to direct the regulators to take an action if doing so is necessary to fulfil international obligations, or to refrain from action which appears incompatible with international obligations.

The Treasury also has powers of direction which are designed to promote the accountability and transparency of the FCA and PRA. These include the power to direct the regulators to:

Review specified rules, where doing so is in the public interest;
Report on their performance, where necessary for scrutinising the discharge of their functions;
Carry out an investigation into a specified event of regulatory failure in certain circumstances, including, in the case of the PRA, where public funds have been expended.

These powers have not been used.

The Treasury has a power to direct the FCA and PRA to undertake an investigation of relevant events, where it is in the public interest, in certain circumstances. This power has been used twice: in 2018, to direct the PRA to review the events relating to the supervision of the Co-operative Bank, and in 2019, to direct the FCA to review the events relating to the failure of London Capital and Finance.

The Treasury does not have direction-making powers in relation to the FCA or the PRA regarding the content of their rules, or their approach to supervision and enforcement.

Bank of England
Asked by: Lord Sharkey (Liberal Democrat - Life peer)
Wednesday 27th March 2024

Question to the HM Treasury:

To ask His Majesty's Government what, if any, statutory powers the Bank of England has to issue binding directions to (1) the Prudential Regulation Authority, (2) the Financial Conduct Authority, and (3) the Payment Systems Regulator; and on how many occasions in each year since 2007 they have been exercised.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The Treasury has statutory powers to issue directions to the Bank of England, which can only be used under specific conditions or circumstances. None of the powers outlined below have ever been used.

Under section 4 of the Bank of England Act 1946, the Treasury may direct the Bank, after consultation with the Governor, to action that is deemed to be necessary in the public interest. This power of direction applies to all of the Bank’s activities, with the exception of monetary policy and the exercise of the Bank’s functions as the Prudential Regulation Authority (PRA).

Under section 19 of the Bank of England Act 1998, the Treasury may by order, after consultation with the Governor, direct the Bank with respect to monetary policy if it is deemed to be in the public interest and required by extreme economic circumstances.

Under section 410 of the Financial Services and Markets Act 2000, the Treasury may direct the PRA and the Bank to not take an action that would be incompatible with the UK’s international obligations.

Under Section 61 of the Financial Services Act 2012, the Treasury may direct the Bank on specific measures relating to the assistance to or stabilisation of financial institutions.

The Bank of England also has powers to direct the Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR).

Under section 9H of the Bank of England Act 1998, the Bank of England’s Financial Policy Committee (FPC) has powers of direction over the PRA and FCA (limited to the use of specific macroprudential tools). To date, the FPC has only ever used this power to implement the Leverage Ratio.

Under sections 9Y and 9Z of the Bank of England Act 1998, the Bank may direct the FCA to provide documents or information that the Bank reasonably requires for its financial stability functions. This power has never been used.

Under section 100 of the Financial Services (Banking Reform) Act 2013, the Bank has the power to direct the PSR not to exercise its powers, under specific circumstances. This power has never been used.

Bank of England
Asked by: Lord Sharkey (Liberal Democrat - Life peer)
Wednesday 27th March 2024

Question to the HM Treasury:

To ask His Majesty's Government what, if any, statutory powers they have to issue binding directions to the Bank of England; and on how many occasions in each year since 2007 they have been exercised.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The Treasury has statutory powers to issue directions to the Bank of England, which can only be used under specific conditions or circumstances. None of the powers outlined below have ever been used.

Under section 4 of the Bank of England Act 1946, the Treasury may direct the Bank, after consultation with the Governor, to action that is deemed to be necessary in the public interest. This power of direction applies to all of the Bank’s activities, with the exception of monetary policy and the exercise of the Bank’s functions as the Prudential Regulation Authority (PRA).

Under section 19 of the Bank of England Act 1998, the Treasury may by order, after consultation with the Governor, direct the Bank with respect to monetary policy if it is deemed to be in the public interest and required by extreme economic circumstances.

Under section 410 of the Financial Services and Markets Act 2000, the Treasury may direct the PRA and the Bank to not take an action that would be incompatible with the UK’s international obligations.

Under Section 61 of the Financial Services Act 2012, the Treasury may direct the Bank on specific measures relating to the assistance to or stabilisation of financial institutions.

The Bank of England also has powers to direct the Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR).

Under section 9H of the Bank of England Act 1998, the Bank of England’s Financial Policy Committee (FPC) has powers of direction over the PRA and FCA (limited to the use of specific macroprudential tools). To date, the FPC has only ever used this power to implement the Leverage Ratio.

Under sections 9Y and 9Z of the Bank of England Act 1998, the Bank may direct the FCA to provide documents or information that the Bank reasonably requires for its financial stability functions. This power has never been used.

Under section 100 of the Financial Services (Banking Reform) Act 2013, the Bank has the power to direct the PSR not to exercise its powers, under specific circumstances. This power has never been used.

Lord Sharkey mentioned

Parliamentary Debates
Financial Services and Markets Act 2000 (Disapplication or Modification of Financial Regulator Rules in Individual Cases) Regulations 2024 11 speeches (3,061 words) Tuesday 26th March 2024 - Grand Committee HM Treasury Mentions: 1: Lord Livermore (Lab - Life peer) I take this opportunity to wish her and the noble Lord, Lord Sharkey, a happy Easter. - Link to Speech 2: Baroness Vere of Norbiton (Con - Life peer) This was raised by the noble Lord, Lord Livermore, and to a certain extent by the noble Lord, Lord Sharkey - Link to Speech

Parliamentary Debates

Financial Services and Markets Act 2000 (Disapplication or Modification of Financial Regulator Rules in Individual Cases) Regulations 2024
11 speeches (3,061 words)
Tuesday 26th March 2024 - Grand Committee
HM Treasury

Mentions:
1: Lord Livermore (Lab - Life peer) I take this opportunity to wish her and the noble Lord, Lord Sharkey, a happy Easter. - Link to Speech
2: Baroness Vere of Norbiton (Con - Life peer) This was raised by the noble Lord, Lord Livermore, and to a certain extent by the noble Lord, Lord Sharkey - Link to Speech

Deposited Papers
Monday 18th March 2024 Source Page: Letter dated 14/03/2024 from Baroness Vere of Norbiton to Lord Livermore and Lord Sharkey regarding the draft Bank of England Levy (Amount of Levy Payable) Regulations 2024 debate. 2p. Document: LivermoreSharkey.pdf (PDF) Found: Letter dated 14/03/2024 from Baroness Vere of Norbiton to Lord Livermore and Lord Sharkey regarding the
Wednesday 6th March 2024 Source Page: Letter dated 29/02/2024 from Baroness Vere of Norbiton to Lord Sharkey regarding a question raised in the draft Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2024 debate: 11 March commencement date for the statutory instrument. 2p. Document: Sharkey.pdf (PDF) Found: Letter dated 29/02/2024 from Baroness Vere of Norbiton to Lord Sharkey regarding a question raised in

Deposited Papers

Monday 18th March 2024

Source Page: Letter dated 14/03/2024 from Baroness Vere of Norbiton to Lord Livermore and Lord Sharkey regarding the draft Bank of England Levy (Amount of Levy Payable) Regulations 2024 debate. 2p.
Document: LivermoreSharkey.pdf (PDF)

Found: Letter dated 14/03/2024 from Baroness Vere of Norbiton to Lord Livermore and Lord Sharkey regarding the

Wednesday 6th March 2024

Source Page: Letter dated 29/02/2024 from Baroness Vere of Norbiton to Lord Sharkey regarding a question raised in the draft Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2024 debate: 11 March commencement date for the statutory instrument. 2p.
Document: Sharkey.pdf (PDF)

Found: Letter dated 29/02/2024 from Baroness Vere of Norbiton to Lord Sharkey regarding a question raised in

Lord Sharkey - Select Committee Information

Calendar
Wednesday 13th March 2024 10 a.m. Financial Services Regulation Committee - Private Meeting View calendar
Wednesday 20th March 2024 10 a.m. Financial Services Regulation Committee - Private Meeting View calendar
Wednesday 27th March 2024 10 a.m. Financial Services Regulation Committee - Private Meeting View calendar
Wednesday 15th May 2024 10 a.m. Financial Services Regulation Committee - Private Meeting View calendar
Wednesday 22nd May 2024 10 a.m. Financial Services Regulation Committee - Private Meeting View calendar
Wednesday 24th April 2024 10 a.m. Financial Services Regulation Committee - Private Meeting View calendar
Wednesday 8th May 2024 10 a.m. Financial Services Regulation Committee - Private Meeting View calendar
Wednesday 1st May 2024 10 a.m. Financial Services Regulation Committee - Private Meeting View calendar

Select Committee Documents
Monday 22nd April 2024 Declarations of interest - Financial Services Regulation Committee Declaration of Interests as of 22 April 2024 Financial Services Regulation Committee
Monday 22nd April 2024 Correspondence - Letter from Lord Forsyth of Drumlean to Nikhil Rathi, Chief Executive of the FCA, regarding the FCA's consultation CP24/2 on publicising enforcement investigations (18 April 2024) Financial Services Regulation Committee