Brexit: Positions on the Pound

Baroness Falkner of Margravine Excerpts
Monday 30th September 2019

(4 years, 7 months ago)

Lords Chamber
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Lord Callanan Portrait Lord Callanan
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No and yes.

Baroness Falkner of Margravine Portrait Baroness Falkner of Margravine (Non-Afl)
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Does the noble Lord agree that the logic of these allegations that if people have any evidence, we are a well and highly regulated country in our financial markets, and they should report that evidence to the existing regulators? In saying that, I need to declare that I am a member of the Bank of England’s enforcement decision-making committee.

Lord Callanan Portrait Lord Callanan
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The noble Baroness speaks with great authority on this subject. Of course, there is no evidence for anybody to report, but if they have evidence, there is regulation on short selling, which is enforced. But I am not aware of anyone providing any evidence beyond scurrilous rumours.