Amendment 11

Part of Financial Services and Markets Bill - Report (2nd Day) – in the House of Lords at 12:02 pm on 8 June 2023.

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Photo of Lord Forsyth of Drumlean Lord Forsyth of Drumlean Conservative 12:02, 8 June 2023

My Lords, I find myself in the very odd position of having to say that the Government have handled Committee stage consideration of the Bill brilliantly. The Minister listened to a lot of quite robust criticism of the Bill, some of it from me, on the issue of accountability. It is fair to say that, across all sides of the Committee, there was a feeling that it was essential that there be proper accountability and scrutiny, given that we are, in effect, giving the regulators all our financial services legislation. She spent a great deal of time talking to all noble Lords in Committee and listening to those concerns. I therefore support the government amendments and thank her and her colleagues for the brilliant way in which they responded to what was a very robust Committee.