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My Lords, I speak briefly in support of the amendment. I have spent 25 years promoting the City of London through the British Invisibles Export Council, more recently called British Invisibles. Potential overseas investors, when looking at London, Paris, Frankfurt or wherever to establish their European operations, now often ask not what is the attitude of the Government--in the old days of...
Before my noble friend replies, I must declare an interest as chairman of Coutts & Company. I am puzzled by this. We have all that information on our files and it is available to the FSA on a regular basis. I cannot see why any institution cannot tell the FSA when someone comes or goes.
I support the principle of the amendment. At my bank we constantly encourage people to seek the latest qualifications. However, there are times when experience and age have to be considered because it may not interest an individual to move on to the next stage of qualification. I should have thought that it is up to the management of the institution to ensure that those people get to the...
Entered the House of Lords in 1995
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