Baroness Drake

Labour Peer

A selection of Baroness Drake’s votes

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Recent appearances

  • Written Answers — Treasury: Financial Services: Climate Change 29 Feb 2024

    To ask His Majesty's Government, further to the answer by Baroness Vere of Norbiton on 25 January (HL Deb col 843), what assessment the Bank of England has made of the accuracy of the new Low Demand scenario and Fragmented world scenario published by the Network for Greening the Financial System, and whether these satisfactorily address what Baroness Vere of Norbiton referred to as "the...
  • Climate Risk Models - Question 25 Jan 2024

    To ask His Majesty’s Government what assessment, if any, they have made of the accuracy of climate risk models used by (1) the Bank of England, (2) financial services firms, and (3) pension schemes.
  • Climate Risk Models - Question 25 Jan 2024

    My Lords, the Bank of England’s job is the prudential risk management of the financial system, and it influences the conduct of firms and pension schemes, hence the concern when we learned that its scenarios concluded that it does not much matter whether temperatures rise by 1.5, 2 or 4 degrees: the effect on profits will still be relatively small. How will the Government ensure that the...

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Profile

Labour Peer

Entered the House of Lords on 5 July 2010

Currently held offices

  • Chair, Constitution Committee (since 19 Jan 2022)
  • Chair, Constitution Committee (since 19 Jan 2022)

Other offices held in the past

  • Member, Finance Bill Sub-Committee ( 4 Sep 2018 to 4 Nov 2019)
  • Member, Constitution Committee (27 Jun 2017 to 19 Jan 2022)
  • Member, Finance Bill Sub-Committee ( 6 Dec 2016 to 17 Mar 2017)
  • Member, Trade Union Political Funds and Political Party Funding Committee (28 Jan 2016 to 29 Feb 2016)
  • Member, Finance Bill Sub-Committee ( 8 Dec 2015 to 4 Mar 2016)
  • Member, Delegated Powers and Regulatory Reform Committee (12 Jun 2014 to 27 Apr 2017)
  • Member, Finance Bill Sub-Committee ( 8 Jan 2014 to 11 Mar 2014)
  • Member, Trusts (Capital and Income) Bill [HL] Special Public Bill Committee (19 Jun 2012 to 24 Jul 2012)
  • Member, Small and Medium Sized Enterprises Committee (29 May 2012 to 28 Feb 2013)
  • Member, Draft Financial Services Bill (Joint Committee) (20 Jul 2011 to 13 Dec 2011)
  • Member, Draft Financial Services Bill (Joint Committee) (20 Jul 2011 to 13 Dec 2011)

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Profile photo: © Parliament (CC-BY 3.0)