To ask Her Majesty's Government whether UK Endorsement Board member Mike Ashley, while also a partner of KPMG, had any involvement in the recruitment of Seema Jamil O’Neil from KPMG to the staff of the Accounting Standards Board.

To ask Her Majesty's Government whether UK Endorsement Board member Mike Ashley, while also a partner of KPMG, had any involvement in the recruitment of Seema Jamil O’Neil from KPMG to the staff of the Accounting Standards Board.

To ask Her Majesty's Government whether Mike Ashley was a serving member of the Accounting Standards Board when he acted as an expert witness to defend PwC against the Financial Reporting Council’s action in respect of PwC’s audit of Mayflower plc; and if so, (1) what assessment was made of whether...

To ask Her Majesty's Government whether Mike Ashley was a serving member of the Accounting Standards Board when he acted as an expert witness to defend PwC against the Financial Reporting Council’s action in respect of PwC’s audit of Mayflower plc; and if so, (1) what assessment was made of whether...

To ask Her Majesty's Government whether the processes for the recruitment of Seema Jamil O’Neil (1) to the staff of Accounting Standards Board, and (2) to the post of Executive Director of the UK Endorsement Board, in 2021 were subject to (a) public advertising, and (b) open competition.

To ask Her Majesty's Government whether the processes for the recruitment of Seema Jamil O’Neil (1) to the staff of Accounting Standards Board, and (2) to the post of Executive Director of the UK Endorsement Board, in 2021 were subject to (a) public advertising, and (b) open competition.

To ask Her Majesty's Government for which period did (1) Mike Ashley serve as a member of the Accounting Standards Board, and (2) Seema Jamil O’Neil serve as a member of staff of the Accounting Standards Board.

To ask Her Majesty's Government for which period did (1) Mike Ashley serve as a member of the Accounting Standards Board, and (2) Seema Jamil O’Neil serve as a member of staff of the Accounting Standards Board.

To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 6 August (HL7506), and in the light of the fact that the Financial Reporting Council (FRC) has indicated that a 'true and fair' override exists in both UK law and the standards of the International Accounting Standards Board...

To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 6 August (HL7506), and in the light of the fact that the Financial Reporting Council (FRC) has indicated that a 'true and fair' override exists in both UK law and the standards of the International Accounting Standards Board...

To ask Her Majesty's Government why UK accounting standard FRS102 states that copyright of the standard remains with the International Accounting Standards Board; and whether they plan to place a copy of any contractual agreement with that Board, including sums required to be paid, in the library of the House.

To ask Her Majesty's Government why UK accounting standard FRS102 states that copyright of the standard remains with the International Accounting Standards Board; and whether they plan to place a copy of any contractual agreement with that Board, including sums required to be paid, in the library of the House.

My Lords, may I intrude a word into this debate? There is an aspect of 2008 that has never been corrected, and which did a great deal to disguise the extent of the insolvencies existing at that time. It might now perhaps be possible to squeeze a solution into something...

My Lords, may I intrude a word into this debate? There is an aspect of 2008 that has never been corrected, and which did a great deal to disguise the extent of the insolvencies existing at that time. It might now perhaps be possible to squeeze a solution into something...

Lords motion to consider. Agreed to on question.

Lords motion to consider. Agreed to on question.

My Lords, the regulations we are looking at today help to ensure that we have an effective system in place to handle the failure of investment banks. Our approach simplifies and speeds up the special administration process and reduces the cost of the administration for clients and for creditors.

It is...

My Lords, the regulations we are looking at today help to ensure that we have an effective system in place to handle the failure of investment banks. Our approach simplifies and speeds up the special administration process and reduces the cost of the administration for clients and for creditors.

It is...

My Lords, I thank the Minister for introducing this order. As she has already outlined, the purpose of this instrument is two-fold: to correct

the definition of “investment bank” and to extend elements of the special administration regime, the SAR, which is the administration procedure for insolvent investment banks. These...

My Lords, I thank the Minister for introducing this order. As she has already outlined, the purpose of this instrument is two-fold: to correct

the definition of “investment bank” and to extend elements of the special administration regime, the SAR, which is the administration procedure for insolvent investment banks. These...

My Lords, I thank the noble Lord, Lord Tunnicliffe, and I will try to address his various questions. I am very grateful to my noble friend Lord James for his comments, and I will see if I can answer his question. If I am not able to do so today,...

My Lords, I thank the noble Lord, Lord Tunnicliffe, and I will try to address his various questions. I am very grateful to my noble friend Lord James for his comments, and I will see if I can answer his question. If I am not able to do so today,...

May I suggest that the matter could be taken up with the Accounting Standards Board?

May I suggest that the matter could be taken up with the Accounting Standards Board?

I can certainly agree to talk further to my noble friend, and if talking to the

Accounting Standards Board seems to be a good way forward, I would be happy to do that. I am grateful to him for raising the point.

I conclude by saying that these regulations make important...

I can certainly agree to talk further to my noble friend, and if talking to the

Accounting Standards Board seems to be a good way forward, I would be happy to do that. I am grateful to him for raising the point.

I conclude by saying that these regulations make important...

Fair value accounting: a consultation document on the use of fair value accounting for certain financial instruments and disclosure of dividends by companies and other undertakings. 29 p. DTI. 2003.

Fair value accounting: a consultation document on the use of fair value accounting for certain financial instruments and disclosure of dividends by companies and other undertakings. 29 p. DTI. 2003.

To ask the Secretary of State for Trade and Industry, if she will list the bodies which will be responsible for regulating accountancy, audit and insolvency when her proposed new regulatory structures take effect.

To ask the Secretary of State for Trade and Industry, if she will list the bodies which will be responsible for regulating accountancy, audit and insolvency when her proposed new regulatory structures take effect.

To ask Mr Chancellor of the Exchequer, pursuant to his Answer of 5 February 2003, 399 c302W, on the private finance initiative, what assessment he has made of the performance of the Accountancy Standards Board; pursuant to his Answer of 5th February, Official Report, column 302W, what plans he has...

To ask Mr Chancellor of the Exchequer, pursuant to his Answer of 5 February 2003, 399 c302W, on the private finance initiative, what assessment he has made of the performance of the Accountancy Standards Board; pursuant to his Answer of 5th February, Official Report, column 302W, what plans he has...

To ask the Secretary of State for Work and Pensions, if he will estimate the shortfalls in company pension schemes as a result of compliance with FRS17.

To ask the Secretary of State for Work and Pensions, if he will estimate the shortfalls in company pension schemes as a result of compliance with FRS17.

To ask the Secretary of State for Trade and Industry, if she will publish her Department's correspondence with the Accounting Standards Board over the implementation and compliance with FRS17.

To ask the Secretary of State for Trade and Industry, if she will publish her Department's correspondence with the Accounting Standards Board over the implementation and compliance with FRS17.

To ask Mr Chancellor of the Exchequer, if he will make a statement on the provision of information on Special Purpose Vehicles; and what guidelines he has issued on how and when companies should disclose profits from work conducted under the Private Finance Initiative; what discussions officials from (a) his...

To ask Mr Chancellor of the Exchequer, if he will make a statement on the provision of information on Special Purpose Vehicles; and what guidelines he has issued on how and when companies should disclose profits from work conducted under the Private Finance Initiative; what discussions officials from (a) his...

Further to the Answers given by the Baroness Hollis of Heigham on 27 May (HL Deb, cols. 1039-42), who appoints or elects the members of the British Accounting Standards Board; what are their terms of reference; to whom and how they are accountable; and how the "membership" to which they...

Further to the Answers given by the Baroness Hollis of Heigham on 27 May (HL Deb, cols. 1039-42), who appoints or elects the members of the British Accounting Standards Board; what are their terms of reference; to whom and how they are accountable; and how the "membership" to which they...