Results 1-20 of 102 for in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates' speaker:Lord Stewartby

Growth and Infrastructure Bill — Commons Amendments (24 April 2013)

Lord Stewartby: My Lords, I shall be very brief, but there is one point on which I should like confirmation from the Minister when he sums up. The provisions that have been introduced into this statute refer to all sorts of guidance and recommendations. They do not include the valuation of shares, yet quite a lot of the discussion has taken place as though they do. An opportunity to correct that would be helpful.

Growth and Infrastructure Bill: Report (3rd Day) (20 March 2013)

Lord Stewartby: My Lords, I will not follow in detail what my noble friend Lord Flight said in his excellent introduction to this debate, because he said most of what I would like to say, but much more eloquently than I could. What comes out of this debate, despite the various points that have not yet been cleared up, is that this is a voluntary activity. Employee shareholders would come about only if the...

Public Service Pensions Bill: Committee (3rd Day) (21 January 2013)

Lord Stewartby: My Lords, I support my noble friend, who has explained this technical area very skilfully. Like him, I have to declare an interest as a member of the parliamentary fund and I was a trustee for several years. The great advantage of that is that one does not come to the details of this sort of provision completely unsighted. However, it is a very complicated Bill. As the noble Lord, Lord...

Financial Services Bill — Report (4th Day) (26 November 2012)

Lord Stewartby: My Lords, I must be very brief and I shall speak only once. I want to say something in support of my noble friend Lord Flight, who made a very strong case. I have never been able to understand why financial advisers alone have no longstop for their potential liability in future years. I hope that this opportunity of having legislation which is relevant can be taken to set that right.

Financial Services Bill: Committee (6th Day) (8 October 2012)

Lord Stewartby: My Lords, I, too, would like some assistance from my noble friend. It is not easy to understand, in large parts of this Bill, what it is trying to get at. I raise this under discussion of Clause 6 because that is what permits the transfer of regulation of consumer and small business credit from the Office of Fair Trading to the new Financial Conduct Authority. I have had an approach about...

Financial Services Bill — Committee (4th Day) (Continued) (18 July 2012)

Lord Stewartby: A brief point of order: the screen has got stuck.

Financial Services Bill: Committee (3rd Day) (Continued) (10 July 2012)

Lord Stewartby: My Lords, I was interested to hear the comments from the noble Lord, Lord Eatwell, on the nature of the work that will face the panel. It sounds like something that overlaps considerably with the Board of Banking Supervision in the late 1980s. Obviously that was working in different circumstances, but each of the bodies require, or required, people of an unusual stripe who combine a practical...

Financial Services Bill: Committee (3rd Day) (10 July 2012)

Lord Stewartby: My Lords, I would like to add a word to what the noble Lord, Lord Peston, has said, in particular to ask my noble friend Lord Flight about the frequency with which this situation is likely to happen. Would it be an exceptionally rare event, because that may affect the way in which one approaches it?

Financial Services Bill: Committee (2nd Day) (3 July 2012)

Lord Stewartby: My Lords, I well remember the debates that we had all those years ago on the Monetary Policy Committee, and how many objectives could be added to the central one. This is a bit of a nostalgic occasion, because we are going through different subject matter but the same basic problems. I start from the point that the more of these extras you have, the more confusing they are likely to become...

Financial Services Bill: Committee (1st Day) (26 June 2012)

Lord Stewartby: My Lords, I do not want at any length to add to what many noble Lords have said, except to record that this is one of the most incomprehensible Bills that I have had business with. Several times I started on what I thought was a trail of decisions, and at the end of it I could not work out who did what and how they knew what they should do. I have one small technical question for my noble...

Financial Services Bill — Second Reading (Continued) (11 June 2012)

Lord Stewartby: My Lords, this has been a remarkable debate, full of interesting and useful comments on the proposed new scheme of regulation. Having read a few pages of the Bill when it first became available, I felt a bit dizzy because it is very difficult and complex. I think that there is more than enough to keep us happy-if that is the right word-in Committee. Many points at issue have been discussed. I...

Scotland Bill: Committee (4th Day) (15 March 2012)

Lord Stewartby: For information, is the no-detriment principle embodied anywhere in statute within the devolution area?

Protection of Freedoms Bill: Report (2nd Day) (6 February 2012)

Lord Stewartby: My Lords, I want to add only a small footnote. I begin by expressing our gratitude to the noble Lord, Lord Marlesford, for the diligence that he has shown, not only on this occasion and in this context but because he is constantly on the lookout for failures or delays by government departments or other public bodies. He has made rather a specialisation of taking the opportunity to raise these...

Independent Commission on Banking — Statement (19 December 2011)

Lord Stewartby: My Lords, will my noble friend say something about supervision and where it fits into this very complicated arrangement of new committees and authorities? The report of the Joint Committee, which was published only today, states that it is planned that microprudential regulation will be done through a new subsidiary body called the prudential regulatory authority. However, regulation is not a...

Coinage (Measurement) Bill: Second Reading (15 July 2011)

Lord Stewartby: I wonder whether the noble Lord is familiar with the gold sovereign of Henry VII, which has a Welsh dragon on it. It is very small but it is quite easy to identify it.

Coinage (Measurement) Bill: Second Reading (15 July 2011)

Lord Stewartby: My Lords, I am grateful to my noble friend Lord Risby for the clarity with which he introduced the Bill. I have a long-standing interest in commemorative coins. In 1986, my noble friend Lord Lawson, as Chancellor of the Exchequer and, therefore, Master of the Mint, and I had the honour of presenting a coin for Her Majesty's approval. That coin was a £2 piece, which was connected to the...

House of Lords: Reform — Motion to Take Note (2nd Day) (Continued) (22 June 2011)

Lord Stewartby: My Lords, one of the problems of speaking fairly far down the batting list is that most of what needs to be said has already been said, several times. For the convenience of the House, I shall confine myself to do no more than identify a number of areas where I am more concerned now, as a result of listening to much of the debate, than I was before. I certainly do not favour abolition, even...

Regulatory and Banking Reform — Statement (16 June 2011)

Lord Stewartby: My Lords, I draw attention to a confusing passage in the Statement, which makes the text about micro and macro more difficult to understand. It says: "The Prudential Regulatory Authority will focus on microprudential regulation. It will bring judgment to the vital task of regulating the soundness of individual firms". However, that is not a task for regulation; it is a task for supervision,...

House of Lords Reform Bill [HL]: Second Reading (3 December 2010)

Lord Stewartby: My Lords, at this stage in the debate I do not want to go back over all the issues that have been discussed in what has been an exceptionally interesting debate so far, but I support the thanks that have been addressed to my noble friend Lord Steel for his tenacity and skill at keeping this subject before us and bringing forth, year after year-there seems to be an annual rhythm to these...

Comprehensive Spending Review: Motion to Take Note (Continued) (1 November 2010)

Lord Stewartby: My Lords, I nearly forgot to get up, I was so interested in what the noble Lord, Lord Clark, had to say. It has been a very vigorous but extremely interesting debate. I have not prepared a speech of any length, which is a good thing, because much of it has already been said by my noble friends Lord Lamont, Lord Tugendhat and Lord Newby, so I just want to pick out some of the main themes of my...