Lords question for short debate on what steps they are taking regarding the procedures for referring cases for scrutiny and assessment by the Financial Services Authority.

Lords question for short debate on what steps they are taking regarding the procedures for referring cases for scrutiny and assessment by the Financial Services Authority.

My Lords, I am not in a position to know whether there was any consultation beforehand; nor do I believe that the Leader of the other place said that there should be a breach of the law. I can only repeat my own position which I made as a very...

My Lords, I am not in a position to know whether there was any consultation beforehand; nor do I believe that the Leader of the other place said that there should be a breach of the law. I can only repeat my own position which I made as a very...

My Lords, it has obviously been a very difficult few days for the Minister, and it reflects well on him that he took the trouble to set that out in that way. Certainly from this Front Bench I am happy to accept that explanation. He did, though, say that it...

My Lords, it has obviously been a very difficult few days for the Minister, and it reflects well on him that he took the trouble to set that out in that way. Certainly from this Front Bench I am happy to accept that explanation. He did, though, say that it...

My Lords, I am aware that the noble Lord, Lord James, has already written to the noble Lord, Lord Turner. I will certainly be drawing the attention of the noble Lord, Lord Turner, to Hansard. I will, to use a phrase used by the noble Lord, Lord Oakeshott, ask him...

My Lords, I am aware that the noble Lord, Lord James, has already written to the noble Lord, Lord Turner. I will certainly be drawing the attention of the noble Lord, Lord Turner, to Hansard. I will, to use a phrase used by the noble Lord, Lord Oakeshott, ask him...

My Lords, that is an invitation that I cannot refuse. I note the noble Lord’s reasons why he cannot give guidance to the FSA on any action which it might now take in the case that I highlighted to it. However, I hope that the noble Lord, Lord Turner, has...

My Lords, that is an invitation that I cannot refuse. I note the noble Lord’s reasons why he cannot give guidance to the FSA on any action which it might now take in the case that I highlighted to it. However, I hope that the noble Lord, Lord Turner, has...

My Lords, I thank the noble Lord for that. His use of terminology was entirely correct if he had been guided by the media. I have welcomed the opportunity of setting the record straight—as, indeed, will also occur at various meetings in the near future of the Treasury Select Committee.

My Lords, I thank the noble Lord for that. His use of terminology was entirely correct if he had been guided by the media. I have welcomed the opportunity of setting the record straight—as, indeed, will also occur at various meetings in the near future of the Treasury Select Committee.

My Lords, I am grateful to the noble Lord, Lord Howard of Rising, for the last sentence of his speech because, otherwise, I was fearful about how I could possible answer what must have been about 40 questions. However, I shall seek to answer the more important ones, but not...

My Lords, I am grateful to the noble Lord, Lord Howard of Rising, for the last sentence of his speech because, otherwise, I was fearful about how I could possible answer what must have been about 40 questions. However, I shall seek to answer the more important ones, but not...

My Lords, I am grateful to the noble Lord for giving way. I am grateful also for the full explanation he has given, which I think I fully accept. I am sorry that I implied that he had endorsed the pension arrangements of Sir Fred Goodwin. I thank him very...

My Lords, I am grateful to the noble Lord for giving way. I am grateful also for the full explanation he has given, which I think I fully accept. I am sorry that I implied that he had endorsed the pension arrangements of Sir Fred Goodwin. I thank him very...

My Lords, I am grateful to my noble friend Lord James for introducing this debate. The role of the FSA needs examining, especially in the present turbulent economic climate, and the at times disturbing contribution by my noble friend will be a most useful step in this process. The more...

My Lords, I am grateful to my noble friend Lord James for introducing this debate. The role of the FSA needs examining, especially in the present turbulent economic climate, and the at times disturbing contribution by my noble friend will be a most useful step in this process. The more...

My Lords, I congratulate the noble Lord, Lord James of Blackheath, on initiating this highly topical debate. I found the specific experiences that he described most illuminating. Regulation of the financial services sector must become much more effective in the future, as I am sure the noble Lord, Lord James,...

My Lords, I congratulate the noble Lord, Lord James of Blackheath, on initiating this highly topical debate. I found the specific experiences that he described most illuminating. Regulation of the financial services sector must become much more effective in the future, as I am sure the noble Lord, Lord James,...

My Lords, I do not intend to follow the remarks of my noble friend Lord James or the noble Lord, Lord Smith of Clifton. I have never had any reason to initiate procedures aiming to involve the FSA in following up a problem. Indeed, I rather think that I never...

My Lords, I do not intend to follow the remarks of my noble friend Lord James or the noble Lord, Lord Smith of Clifton. I have never had any reason to initiate procedures aiming to involve the FSA in following up a problem. Indeed, I rather think that I never...

My Lords, I am grateful for this opportunity to seek clarification of the preconditions that might justify FSA scrutiny and review, particularly following the experiences of my earlier career. On three occasions, I have placed before the FSA details of cases that seemed to me to be serious breaches of...

My Lords, I am grateful for this opportunity to seek clarification of the preconditions that might justify FSA scrutiny and review, particularly following the experiences of my earlier career. On three occasions, I have placed before the FSA details of cases that seemed to me to be serious breaches of...

What steps they are taking regarding the procedures for referring cases for scrutiny and assessment by the Financial Services Authority.

What steps they are taking regarding the procedures for referring cases for scrutiny and assessment by the Financial Services Authority.

My Lords, this is an interesting but in some ways slightly awkward debate in the way that it was introduced. I heard the noble Lord, Lord James, say that unfortunately he did not have time to answer, but, as we do not have many speakers, if we had some time...

My Lords, this is an interesting but in some ways slightly awkward debate in the way that it was introduced. I heard the noble Lord, Lord James, say that unfortunately he did not have time to answer, but, as we do not have many speakers, if we had some time...

asked Her Majesty's Government:Whether the Financial Services Authority intends to take any action in respect of the takeover of Greycoat plc and its subsequent liquidation.

asked Her Majesty's Government:Whether the Financial Services Authority intends to take any action in respect of the takeover of Greycoat plc and its subsequent liquidation.