My right honourable friend The Chief Secretary to the Treasury (Mr David Gauke) has today made the following Written Ministerial Statement.

A meeting of The Economic and Financial Affairs Council (ECOFIN) will be held in Luxembourg on 11 October 2016. The Government is committed to leaving the European Union; in the...

My right honourable friend The Chief Secretary to the Treasury (Mr David Gauke) has today made the following Written Ministerial Statement.

A meeting of The Economic and Financial Affairs Council (ECOFIN) will be held in Luxembourg on 11 October 2016. The Government is committed to leaving the European Union; in the...

A meeting of The Economic and Financial Affairs Council (ECOFIN) will be held in Luxembourg on 11 October 2016. The Government is committed to leaving the European Union; in the interim, it continues to participate fully in ECOFIN meetings. EU Finance Ministers are due to discuss the following items:

Opening Session

Ministers...

A meeting of The Economic and Financial Affairs Council (ECOFIN) will be held in Luxembourg on 11 October 2016. The Government is committed to leaving the European Union; in the interim, it continues to participate fully in ECOFIN meetings. EU Finance Ministers are due to discuss the following items:

Opening Session

Ministers...

My Lords, we risk confusing different things again. The definition of “regulated persons” is a wholly different from the question of financial stability for the UK. The concept of “regulated persons” is dealt with elsewhere. We are in a completely different part of the financial landscape. We are risking mixing...

My Lords, we risk confusing different things again. The definition of “regulated persons” is a wholly different from the question of financial stability for the UK. The concept of “regulated persons” is dealt with elsewhere. We are in a completely different part of the financial landscape. We are risking mixing...

Lords debate on motion to take note of the report of the European Union Committee on The EU Financial Supervisory Framework: An Update (HL 181 2010-12). Agreed to on question.

Lords debate on motion to take note of the report of the European Union Committee on The EU Financial Supervisory Framework: An Update (HL 181 2010-12). Agreed to on question.

That this House takes note of the report of the European Union Committee on The EU Financial Supervisory Framework: An Update (20th Report, HL Paper 181).

That this House takes note of the report of the European Union Committee on The EU Financial Supervisory Framework: An Update (20th Report, HL Paper 181).

My Lords, I present the report entitled the EU Financial Supervisory Framework: An Update produced by the European Union Sub-committee on Economic and Financial Affairs and International Trade which I have the honour to chair. The global financial crisis has demonstrated that the existing structures for supervising financial institutions and...

My Lords, I present the report entitled the EU Financial Supervisory Framework: An Update produced by the European Union Sub-committee on Economic and Financial Affairs and International Trade which I have the honour to chair. The global financial crisis has demonstrated that the existing structures for supervising financial institutions and...

My Lords, I pay tribute to the noble Lord, Lord Harrison. It is not just that he made a very good speech on our report; he has also been a very good chairman of Sub-Committee A, a committee which is quite tough to guide because there is such a diversity...

My Lords, I pay tribute to the noble Lord, Lord Harrison. It is not just that he made a very good speech on our report; he has also been a very good chairman of Sub-Committee A, a committee which is quite tough to guide because there is such a diversity...

My Lords, this is a very timely debate given the state of play in the development of both the EU financial supervisory framework and our own financial services architecture. Nobody could accuse the EU or the British Government of not acting to put in place new structures which aim to...

My Lords, this is a very timely debate given the state of play in the development of both the EU financial supervisory framework and our own financial services architecture. Nobody could accuse the EU or the British Government of not acting to put in place new structures which aim to...

The noble Lord, Lord Marlesford, was quite right to start with a tribute to the noble Lord, Lord Harrison, the chairman of Sub-Committee A. As a fellow member of Sub-Committee A, I strongly endorse these plaudits. I want to commend our little report and to put three questions arising from...

The noble Lord, Lord Marlesford, was quite right to start with a tribute to the noble Lord, Lord Harrison, the chairman of Sub-Committee A. As a fellow member of Sub-Committee A, I strongly endorse these plaudits. I want to commend our little report and to put three questions arising from...

My Lords, first may I add my voice to the congratulations to the noble Lord, Lord Harrison, on his chairmanship of EU Sub-Committee A and the way in which he has managed to take the committee to a unanimously agreed report. It is a pleasure to follow the noble Lord,...

My Lords, first may I add my voice to the congratulations to the noble Lord, Lord Harrison, on his chairmanship of EU Sub-Committee A and the way in which he has managed to take the committee to a unanimously agreed report. It is a pleasure to follow the noble Lord,...

My Lords, the noble Lord’s remarks indicated quite rightly that a lot of water has flowed under the bridge since those original days when it was in the Lamfalussy territory. Those were early days indeed, pre-crisis, before the world financial crisis started in 2007. I think that we are very...

My Lords, the noble Lord’s remarks indicated quite rightly that a lot of water has flowed under the bridge since those original days when it was in the Lamfalussy territory. Those were early days indeed, pre-crisis, before the world financial crisis started in 2007. I think that we are very...

My Lords, now that the clouds have belatedly lifted from that Mount Olympus where the gods known to us as ““the usual channels”” meet, and a debate on the outcome of the European Council of 9 December has been scheduled for 31 January, we can treat the report before your...

My Lords, now that the clouds have belatedly lifted from that Mount Olympus where the gods known to us as ““the usual channels”” meet, and a debate on the outcome of the European Council of 9 December has been scheduled for 31 January, we can treat the report before your...

My Lords, in taking advantage of the gap I know that I must be brief, but I hope that noble Lords will forgive me if, as a member of the sub-committee on financial services, I underline the point that has now been several times that it is very important that...

My Lords, in taking advantage of the gap I know that I must be brief, but I hope that noble Lords will forgive me if, as a member of the sub-committee on financial services, I underline the point that has now been several times that it is very important that...

I declare that I am chief executive of London First, a not-for-profit business membership organisation which includes financial institutions among its membership. I am also a board member of a Triplepoint venture capital trust. It is very easy when discussing complex regulatory matters to focus disproportionately on the detail of...

I declare that I am chief executive of London First, a not-for-profit business membership organisation which includes financial institutions among its membership. I am also a board member of a Triplepoint venture capital trust. It is very easy when discussing complex regulatory matters to focus disproportionately on the detail of...

My Lords, I am grateful to all noble Lords who have participated today in—as the noble Lord, Lord Liddle, said—a thorough and insightful debate on the new EU supervisory framework. I particularly pay tribute to the noble Lord, Lord Harrison, and the members of the EU Sub-committee on Economic and...

My Lords, I am grateful to all noble Lords who have participated today in—as the noble Lord, Lord Liddle, said—a thorough and insightful debate on the new EU supervisory framework. I particularly pay tribute to the noble Lord, Lord Harrison, and the members of the EU Sub-committee on Economic and...

My Lords, I declare an interest in that I chair the think tank, Policy Network, which has written a report for the City of London Corporation on the challenges of managing European financial regulation. This has been an interesting debate, as most debates on the report of your Lordships’ European...

My Lords, I declare an interest in that I chair the think tank, Policy Network, which has written a report for the City of London Corporation on the challenges of managing European financial regulation. This has been an interesting debate, as most debates on the report of your Lordships’ European...

My Lords, to answer that in detail would be way above my pay grade. I will see what I can find for the noble Lord by way of an answer, but I cannot promise anything. The noble Baroness, Lady Valentine, spoke about the importance of UK competitiveness of financial services...

My Lords, to answer that in detail would be way above my pay grade. I will see what I can find for the noble Lord by way of an answer, but I cannot promise anything. The noble Baroness, Lady Valentine, spoke about the importance of UK competitiveness of financial services...

Am I to understand that the reason the Government give for not conveying the text of a proposal for European legislation to both Houses is because they were entering into negotiations on it? Can I deduce from that that they would have been willing to compromise on the text they...

Am I to understand that the reason the Government give for not conveying the text of a proposal for European legislation to both Houses is because they were entering into negotiations on it? Can I deduce from that that they would have been willing to compromise on the text they...

My Lords, social commentators often identify a dank dark day in January after the Christmas celebrations, before the summer, as the time when the nation becomes its most despondent. I rather feel, along with the pathetic fallacy articulated by the romantic poets, that in bringing this debate before Parliament I...

My Lords, social commentators often identify a dank dark day in January after the Christmas celebrations, before the summer, as the time when the nation becomes its most despondent. I rather feel, along with the pathetic fallacy articulated by the romantic poets, that in bringing this debate before Parliament I...