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My Lords, I declare my interest as both the lead NED at the Treasury and an adviser to financial and professional service firms in Europe and the UK. My real interest today is in talking about the accountability of the new regulatory framework proposed in the Bill. The underlying purpose of the Bill is clear enough: to give our financial regulators more independence and more flexibility in...
My Lords, this is a technical Bill with a simple purpose: to provide as much legislative certainty and predictability as possible as we leave the EU. In some ways, it is quite a boring Bill, but that does not mean that it is not important. To translate the whole body of European law into British law will be a massive task. To provide the certainty, the Government must be able to move fast at...
One of my noble friend’s most endearing characteristics is that he cannot walk past a wasps’ nest without wanting to poke it with a stick. He has just succeeded. There are two points that I would ask him to reflect on, which we have already touched on in this debate. The first—which my noble friend and, I think, all noble Lords, with a few exceptions, would agree with—is that this is...
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Entered the House of Lords on 27 May 2010
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