"No, I do not think that is what we are suggesting. We are suggesting that the banks must act proportionately and in a risk-based way. I think the noble Baroness knows that there are issues, not just in the Muslim community, of which charities must be vigilant, involving financial crime, …..." Lord Lemos - View Speech
"The question of regulation is really important here, so I should set out the position clearly. Charities are protected by the FCA’s consumer duty up to £1 million turnover, and if they want to seek redress from the Financial Ombudsman Service, they can do so if they have turnover of …..." Lord Lemos - View Speech
"Charities make vital contributions across the country. While the provision of banking services is ultimately a commercial decision for banks, the Government believe that it is essential that charities and voluntary organisations can access suitable banking services for their needs. The Government have worked closely with UK Finance to support …..." Lord Lemos - View Speech
"I thank my noble friend for that easy, holiday-focused question on the last day of term. I also thank my noble friend Lord Pitt-Watson, who got to the Treasury job too late to take this Question. Mine’s a gin and tonic, David.
"My Treasury officials will kill me for this answer, but I must say that I recognise the picture the noble and gallant Lord has painted. When I came to read the pack for this Question, I had a decided sense of déjà vu. I will pass that question on to …..." Lord Lemos - View Speech
"I am not familiar with that case, but if it is as the noble Lord suggests—and I have no reason to doubt that—that is a serious concern, and I am sure the FCA would want to know more about it...." Lord Lemos - View Speech
"I understand the point the noble Baroness is making; I live in south Devon, so I recognise the picture. We understand the importance to communities and high streets of access to banking services. The industry has committed to a rollout of 350 banking hubs by the end of this Parliament. …..." Lord Lemos - View Speech
"That does not sound right to me. I do not know the answer to that question, but I will make sure my noble friend Lord Pitt-Watson writes to the noble Viscount...." Lord Lemos - View Speech
"I could read out a very long answer I have here, but I will not. The heart of the matter in relation to ethical banking goes back to this question of risk-based assessment. I know that a number of the banks that regard themselves as operating ethically would perhaps take …..." Lord Lemos - View Speech
"As the noble Baroness knows, debanking and access to banking services is an issue way beyond charities and it is really important. The Government recognise the importance of that, and that is why they have introduced new rules to require banks to give customers 90 days’ notice before closing accounts …..." Lord Lemos - View Speech