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Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Third sitting)

"Could the Minister spend a bit of time explaining what “materially similar” means?..."
Angela Eagle - View Speech

View all Angela Eagle (Lab - Wallasey) contributions to the debate on: Financial Services and Markets Bill (Third sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Third sitting)

"Obviously, this is an extremely complex area of technical regulation. It requires the regulators, alongside the Basel Committee and the international authorities regulating the flow of this kind of stuff, to operate effectively. If securitisation goes wrong or if markets begin to be opaque, with transparency going down, there can …..."
Angela Eagle - View Speech

View all Angela Eagle (Lab - Wallasey) contributions to the debate on: Financial Services and Markets Bill (Third sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Fourth sitting)

"The Minister is quite right that all Governments have to think about how to deal with the emergence of cryptocurrencies, but using that phrase is a bit like using the phrase “genetically modified”. We would certainly want any coin that the Bank of England decided to back to be treated …..."
Angela Eagle - View Speech

View all Angela Eagle (Lab - Wallasey) contributions to the debate on: Financial Services and Markets Bill (Fourth sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Fourth sitting)

"I do not want to row in behind the hon. Member and support absolutely everything that he says on his amendment, but I know what he is trying to do: to put something in statute that would solve the problem of fraud, which is more and more prevalent in our …..."
Angela Eagle - View Speech

View all Angela Eagle (Lab - Wallasey) contributions to the debate on: Financial Services and Markets Bill (Fourth sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Fourth sitting)

"Before we were so rudely interrupted, I was saying that, although I do not support the detail of the amendment, it is a hook on which to hang the sheer frustration that many of our constituents feel about a system in which vast amounts of money are scammed. Some of …..."
Angela Eagle - View Speech

View all Angela Eagle (Lab - Wallasey) contributions to the debate on: Financial Services and Markets Bill (Fourth sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Third sitting)

"Good morning, Dame Maria. It is a great honour to be on a Bill that you are chairing—I think it is our first time together in this iteration.

The Opposition do not have a problem with the principle of repealing some of the EU legislation, but I rise to invite …..."

Angela Eagle - View Speech

View all Angela Eagle (Lab - Wallasey) contributions to the debate on: Financial Services and Markets Bill (Third sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Third sitting)

"It was not the most fascinating thing I have ever done in the House, but it was one of those things that one has to do, or the statute book ends up in a right mess...."
Angela Eagle - View Speech

View all Angela Eagle (Lab - Wallasey) contributions to the debate on: Financial Services and Markets Bill (Third sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Third sitting)

"I wonder about the sequencing. There is a list in schedule 1 of all the legislation that applies to financial services, lock, stock and barrel. The sifting Committee had oversight of that when we onshored it. Once the schedule is law, it does not all disappear at once, does it? …..."
Angela Eagle - View Speech

View all Angela Eagle (Lab - Wallasey) contributions to the debate on: Financial Services and Markets Bill (Third sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Third sitting)

"I apologise for intervening, but Standing Committee is the time when we can ask detailed questions, so I hope the Minister does not mind my coming back in. [Interruption.] I think there was a Siri outburst there...."
Angela Eagle - View Speech

View all Angela Eagle (Lab - Wallasey) contributions to the debate on: Financial Services and Markets Bill (Third sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Fourth sitting)

"My questions seek some reassurance from the Minister, since I think these clauses are broadly welcome and, indeed, vital in the context of the Bill. One would not want to have this system without giving extra powers to the Bank, the Prudential Regulation Authority and the Treasury.

Problems in some …..."

Angela Eagle - View Speech

View all Angela Eagle (Lab - Wallasey) contributions to the debate on: Financial Services and Markets Bill (Fourth sitting)