To ask Her Majesty’s Government when they expect a Joint Committee will be formed for the purposes of pre-legislative scrutiny of the draft Financial Services Bill.

To ask Her Majesty’s Government when they expect a Joint Committee will be formed for the purposes of pre-legislative scrutiny of the draft Financial Services Bill.

To ask Her Majesty’s Government, further to the Written Answer by Lord Sassoon on 6 July (WA 67), whether the Joint Committee which is to be formed for the purposes of pre-legislative scrutiny of the Financial Services Bill will have the power to recommend that the Bill presented to Parliament...

To ask Her Majesty’s Government, further to the Written Answer by Lord Sassoon on 6 July (WA 67), whether the Joint Committee which is to be formed for the purposes of pre-legislative scrutiny of the Financial Services Bill will have the power to recommend that the Bill presented to Parliament...

Lords statement on financial regulation.

Lords statement on financial regulation.

I am grateful to the noble Lord, Lord Eatwell, first, for making a clear admission that the tripartite system failed and therefore something needed to be done about it, and, secondly, for welcoming various of the other aspects of what we are doing, including our approach to bank failure and...

I am grateful to the noble Lord, Lord Eatwell, first, for making a clear admission that the tripartite system failed and therefore something needed to be done about it, and, secondly, for welcoming various of the other aspects of what we are doing, including our approach to bank failure and...

I am grateful to my noble friend Lady Kramer for her general support for what we are doing and her recognition of how far the Government have already gone in pushing forward with the structural and regulatory reforms. On the micro/macro link, I refer noble Lords to the full, and...

I am grateful to my noble friend Lady Kramer for her general support for what we are doing and her recognition of how far the Government have already gone in pushing forward with the structural and regulatory reforms. On the micro/macro link, I refer noble Lords to the full, and...

My Lords, there are many questions wrapped up in all that. I am conscious that we have four minutes to go. I repeat myself, but we have set up the independent commission with a suitable group of experts and resourced with a secretariat that is now grappling with precisely these...

My Lords, there are many questions wrapped up in all that. I am conscious that we have four minutes to go. I repeat myself, but we have set up the independent commission with a suitable group of experts and resourced with a secretariat that is now grappling with precisely these...

I am grateful to the noble Baroness, Lady Turner of Camden, because these considerations will be ones which prospective bidders for Northern Rock will be asked to address in their bids. Of course, the Government are very mindful of the situation in the north-east and its dependence on the public...

I am grateful to the noble Baroness, Lady Turner of Camden, because these considerations will be ones which prospective bidders for Northern Rock will be asked to address in their bids. Of course, the Government are very mindful of the situation in the north-east and its dependence on the public...

My noble friend’s first question was about whether this is twin peaks, triple peaks or whatever. I have always found that a somewhat stale way to analyse the issue because over the past decade constant comparisons were being made between single peaks, twin peaks and so on, so I am...

My noble friend’s first question was about whether this is twin peaks, triple peaks or whatever. I have always found that a somewhat stale way to analyse the issue because over the past decade constant comparisons were being made between single peaks, twin peaks and so on, so I am...

I am grateful to my noble friend because this is a technical but very important area. He is completely right that there is a fundamental distinction between supervision and regulation and often texts can be loose on this. I hope that when he has a chance to read the White...

I am grateful to my noble friend because this is a technical but very important area. He is completely right that there is a fundamental distinction between supervision and regulation and often texts can be loose on this. I hope that when he has a chance to read the White...

My Lords, I shall now repeat a Statement made in another place by my honourable friend the Financial Secretary to the Treasury. The Statement is as follows. ““It is now well known that the tripartite system set up by the previous Government failed spectacularly in its mission to maintain stability....

My Lords, I shall now repeat a Statement made in another place by my honourable friend the Financial Secretary to the Treasury. The Statement is as follows. ““It is now well known that the tripartite system set up by the previous Government failed spectacularly in its mission to maintain stability....

My noble friend makes some important points, which the independent commission has in the forefront of its thinking to resolve over the next few months. It is not that we have ruled out everything but that we have set up an independent commission. It came up with the ring-fencing proposal...

My noble friend makes some important points, which the independent commission has in the forefront of its thinking to resolve over the next few months. It is not that we have ruled out everything but that we have set up an independent commission. It came up with the ring-fencing proposal...