Results 1–20 of 1282 for speaker:Stephen Barclay

Upcoming Business – Lords: Select Committee (5 Dec 2017)

EU Financial Affairs Sub-Committee: Financial regulation and supervision following Brexit. 10:45 am; Room 4, Palace of Westminster
Witnesses: (at 11:00 AM) Mr Stephen Barclay MP, Economic Secretary to the Treasury, HM Treasury

Written Answers — HM Treasury: Motor Vehicles: Insurance (16 Nov 2017)

Stephen Barclay: As a rule, insurers use their claims experience and other industry-wide statistics to assess the risks posed by an individual and set the terms and price at which they will offer insurance cover. The Government does not prescribe the terms, conditions or price that insurance companies may set, and does not generally intervene in these commercial decisions by insurers. However, the...

Written Answers — HM Treasury: Insurance: Foreign Companies (16 Nov 2017)

Stephen Barclay: Authorisation of insurers is a matter for the Prudential Regulation Authority, which is independent of government. This is a matter for the Bank of England.

Written Answers — HM Treasury: Insurance: Foreign Companies (16 Nov 2017)

Stephen Barclay: Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at...

Written Answers — HM Treasury: Financial Services (16 Nov 2017)

Stephen Barclay: Since the referendum last year, the Government has undertaken an extensive programme of engagement with financial services firms, in order to listen to concerns from across the sector and to understand how the UK’s exit from the EU could impact firms and their customers in a range of different scenarios. We have been clear that we are aiming for a deep relationship with our EU partners...

Written Answers — HM Treasury: Money Laundering (16 Nov 2017)

Stephen Barclay: The government is committed to ensuring the UK’s financial system is a hostile environment for illicit finance, and as part of this we are reforming the anti-money laundering supervisory regime to address the issues identified in the 2015 National Risk Assessment of Money Laundering and Terrorist Financing. I am in regular conversations with colleagues in other Departments as these...

Previous Business – Commons: Select Committee (15 Nov 2017)

Work and Pensions: Pension freedom and choice. 9:25 am; Room 15, Palace of Westminster
Witnesses: Nicola Parish, Executive Director of Frontline Regulation, The Pensions Regulator Christopher Woolard, Director of Strategy and Competition, Financial Conduct Authority Stephen Barclay MP, Economic Secretary to the Treasury Guy Opperman MP, Parliamentary Under Secretary of State for Pensions and Financial Inclusion, Department for Work and Pensions Charlotte Clark, Director, Private Pensions...

Written Answers — HM Treasury: Tax Avoidance: Disclosure of Information (15 Nov 2017)

Stephen Barclay: The selection of a party to conduct a skilled person review under section 166 of the Financial Services and Markets Act (2000), as amended by the Financial Services Act (2012), is a matter for the independent regulators. To enable the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to contract directly with the skilled person firm, the FCA and the PRA have...

Written Answers — HM Treasury: European Investment Bank (15 Nov 2017)

Stephen Barclay: The EIB has operations both in EU Member States and third countries. The future relationship between the UK and the European Investment Bank (EIB) will be determined as part of the negotiations on the UK’s exit from the EU and the government will not be giving a running commentary on these negotiations. However, in his Mansion House speech on 20 June the Chancellor said that; “In...

Written Answers — HM Treasury: Business: Loans (15 Nov 2017)

Stephen Barclay: The Chancellor receives representations from a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available: https://www.gov.uk/government/collections/hmt-ministers-meet...

Written Answers — HM Treasury: Customs (15 Nov 2017)

Stephen Barclay: Since the referendum, the Government has undertaken a comprehensive programme of stakeholder engagement throughout the UK. This engagement will help to inform effective policy development, and to deepen understanding of the impact of customs procedures on businesses. The content of the recent Customs White Paper reflects much of the feedback that stakeholders have provided.

Written Answers — HM Treasury: Business: Loans (14 Nov 2017)

Stephen Barclay: The Government is committed to extending the regulatory perimeter only where there is a clear case for doing so, in order to avoid putting additional costs on lenders that would ultimately lead to higher costs for businesses. However, unincorporated sole traders and small partnerships borrowing less than £25,000 do receive regulatory protection. In practice, the effect of this is that...

Written Answers — HM Treasury: Bank Services: Small Businesses (13 Nov 2017)

Stephen Barclay: The Government is committed to improving access to financial services. The Access to Banking Standard, launched in May 2017, commits banks to ensure personal and business customers are better informed about branch closures and the reasons for them closing, along with the options they have locally to continue to access banking services, including specialist assistance for customers who need...

Written Answers — HM Treasury: Royal Bank of Scotland: Small Businesses (13 Nov 2017)

Stephen Barclay: The Financial Conduct Authority (FCA) has published an interim summary of the independent review of Royal Bank of Scotland’s treatment of small and medium-sized enterprise customers transferred to its Global Restructuring Group. The FCA announced it is investigating the matters arising from the review and focussing on whether there is any basis for it to take further action. It would...

Written Answers — HM Treasury: Personal Pensions: Tax Allowances (13 Nov 2017)

Stephen Barclay: An estimate of the cost of limiting all personal pension contribution tax relief at the basic rate is not available. Information on the cost of pensions tax relief is published in the HM Revenue and Custom (HMRC) National Statistics table ‘Registered pension schemes: cost of tax relief’, available on GOV.UK, please find the link below: ...

Written Answers — HM Treasury: Tax Avoidance: Disclosure of Information (13 Nov 2017)

Stephen Barclay: Both the FCA and the PRA publish information on how often they commission skilled person reviews on a quarterly basis on their websites. The regulators also publish information on the costs of skilled person reviews in their Annual Reports. Skilled person reviews are financed entirely by the financial services firm that is subject to the review. As independent regulators that are entirely...

Written Answers — HM Treasury: Treasury: Brexit (10 Nov 2017)

Stephen Barclay: HM Treasury keeps its work in this area under review, and will continue to ensure it is well placed to make the preparations necessary to deliver UK’s exit from the EU, alongside its other commitments.

Written Answers — HM Treasury: Overseas Loans: Disclosure of Information (8 Nov 2017)

Stephen Barclay: UK-based lenders are subject to extensive prudential disclosure requirements under UK law, including for loans made to Governments, which appropriately reflect firms’ exposures. Compliance with these requirements are independently assessed by the relevant UK regulator during their supervisory activities.

Written Answers — HM Treasury: European System of Financial Supervisors (8 Nov 2017)

Stephen Barclay: The European Union (Withdrawal) Bill will convert all directly applicable European Union financial services legislation into British law. The powers under that Bill will be used to transfer functions currently undertaken by EU institutions to an appropriate UK body. The future of our relationship with the European Supervisory Authorities is subject to the outcome of the withdrawal...

Written Answers — HM Treasury: Equitable Life Assurance Society: Compensation (8 Nov 2017)

Stephen Barclay: Due to the low level of demand, a move to start a telephone call centre does not currently offer good value for money. If a policyholder prefers to talk to the Scheme administrator they can request this as part of their initial written communication.


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