I want to write to Baroness Bowles of Berkhamsted

Results 1–20 of 29 for brexit speaker:Baroness Bowles of Berkhamsted

Brexit: European Investment Bank (European Union Committee Report) - Motion to Take Note (16 Jul 2019)

Baroness Bowles of Berkhamsted: The point that I was trying to make with regard to ESA 2010 is that it should be in our laws because it was from the EU and we have actually now transposed it into our Brexit preparation legislation. It is not a question of us running on our own version of what we think national accounts are: we should be running on the version that we are supposed to have in our law. That is why there was...

Brexit: European Investment Bank (European Union Committee Report) - Motion to Take Note (16 Jul 2019)

Baroness Bowles of Berkhamsted: ...and regeneration, areas where there is also huge social and economic impact. Action to plug those gaps is urgently needed, because the EIB money has already largely dried up in anticipation of Brexit. I was at international meetings where that consequence of the referendum was flagged by significant EU individuals. Steps to set up a UK investment bank should be taken as soon as possible,...

Uncertificated Securities (Amendment and EU Exit) Regulations 2019 - Motion to Approve (25 Feb 2019)

Baroness Bowles of Berkhamsted: ...together, because they seem to go together and to form a continuum. Indeed, in some ways it is rather strange. The first says that it would not be appropriate to give the Bank of England powers pre Brexit, but then in the second the powers are being given to the Bank of England. That arises largely because the uncertified securities regulations are largely about transposing EU legislation...

Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019 - Motion to Approve (18 Feb 2019)

Baroness Bowles of Berkhamsted: ...has already been agreed before we leave the EU, it will be honoured for the 12-month duration that it’s allowed”, whereas I am afraid the EU has said that it will be cut off at the time of Brexit. I do not think that those asymmetries harm us at all, but there are quite a lot of them spread throughout and some do operate in a harmful way. There are some of these—what was...

Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019 - Motion to Approve (18 Feb 2019)

Baroness Bowles of Berkhamsted: ...not recognise as equivalent those that are endorsed in the UK. Recognising the need for continuity and stability in the financial markets, although the UK might have made rather a mess of it at the Brexit negotiation level, we probably have the high ground when it comes to how we are dealing with the conversion of legislation, given that it has to happen. However, I am just pointing out...

Trade Marks (Amendment etc.) (EU Exit) Regulations 2018 - Motion to Approve (6 Feb 2019)

Baroness Bowles of Berkhamsted: ...but I did a little secret consultation myself, just to make sure that, being retired, I had not lost the plot. What I wanted was a statement that there would be continuity of rights at the point of Brexit so that, although the SI was internally consistent under UK law—it gave clear instructions as to what our courts would decide—it would also neatly fit within the usual conventions....

Financial Services (Implementation of Legislation) Bill [HL] - Third Reading (6 Feb 2019)

Baroness Bowles of Berkhamsted: ...report on what is going to happen and tables to show us where things have gone. I hope this will perhaps lay the ground for how some other things, in what may be more fortunate circumstances than Brexit, could continue in the future. On behalf of these Benches, I thank the noble Lord and the officials.

Financial Services (Implementation of Legislation) Bill [HL] - Committee (1st Day) (8 Jan 2019)

Baroness Bowles of Berkhamsted: ...under subsection (2), which is no longer under negotiation but which has in fact landed, even if it is not yet operational. It is worth pointing out that everything the Government have said about Brexit, under whatever type of Brexit, is to try to obtain or retain equivalence—that is the expectation. It may be that equivalence does not work out; it might be due to things that the EU does...

Financial Services (Implementation of Legislation) Bill [HL] - Committee (1st Day) (8 Jan 2019)

Baroness Bowles of Berkhamsted: ...that depart from expectation, in terms both of the policy in the EU instruments that the power covers and the policy that has been laid out by government with regard to relations with the EU after Brexit. The doubt starts right at the opening words, which state: “The Treasury may by regulations make provision … corresponding, or similar, to … any of the provisions, of any specified...

Brexit: Withdrawal Agreement and Political Declaration - Motion to Take Note (1st Day) (Continued) (5 Dec 2018)

Baroness Bowles of Berkhamsted: ...can expect to line up trade deals with other countries while relying on the protocol because they will still say, “What is the relationship with the EU?” That will go on and on. We may escape Brexit on the news and we may escape news about trade agreements that are going on in secret, but the fact is that there is still a never-ending round of negotiations. I understand businesses...

Financial Services (Implementation of Legislation) Bill [HL] - Second Reading (4 Dec 2018)

Baroness Bowles of Berkhamsted: ...used in other circumstances. Here, a precedent is set of bypassing primary legislation and piggybacking on somebody else’s scrutiny—for our largest industry. Of course, that may be the truth of Brexit. There are some non-legislative assurances listed in paragraph 1.9 of the Treasury policy document, which has already been referenced, but I am not sure I find them reassuring. The first...

Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 - Motion to Approve (28 Nov 2018)

Baroness Bowles of Berkhamsted: Does not this very regulation enable that, within the transition period, the FCA will collect that data? That is one of the other provisions. Although it might not have it now, after Brexit, as soon as we are into the transition period, it will have it.

Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 - Motion to Approve (28 Nov 2018)

Baroness Bowles of Berkhamsted: ...the amount of dark trading—is fully encompassed in that integrity objective, taken together with the additional conditions of having reference to consumer protection, competition and the pre-Brexit thresholds. I ask this question about the integrity objective because the FCA objectives as defined in FSMA are not coupled to MiFID II, and historically UK regulators have gone to less-strict...

Short Selling (Amendment) (EU Exit) Regulations 2018 - Motion to Approve (28 Nov 2018)

Baroness Bowles of Berkhamsted: ...this debate. It would also be worth knowing what, if any, assessment of the additional volume that is expected to create, if any such calculation has been done, especially in the event of a no-deal Brexit, when some more chaotic things may be happening of the variety that was of concern during the eurozone sovereign debt crisis. I am still confused why Articles 8.4, 8.5 and 8.6 of the...

Central Securities Depositories (Amendment) (EU Exit) Regulations 2018 - Motions to Approve (28 Nov 2018)

Baroness Bowles of Berkhamsted: ...going on, I did not quite have the energy to work through absolutely every last word and work it out for myself. Two issues are general to all these SIs, particularly in the context of the no-Brexit—sorry, that is a Freudian slip—of the no-deal preparations, so I take this opportunity to raise them. Last week I showed a letter to the noble Lord, Lord Bates, when we expected to discuss...

European Union (Withdrawal) Bill - Committee (11th Day) (28 Mar 2018)

Baroness Bowles of Berkhamsted: ...it is small. It does not seem right that rules of evidence for admissibility could be changed, maybe quite widely, by amending any Act of Parliament, not necessarily limited to the consequences of Brexit. I have suggested adding a limitation, which would not allow use of the power for reducing the scope of what is admissible except for the purpose of replacing EU references with domestic...

European Union (Withdrawal) Bill - Committee (11th Day) (28 Mar 2018)

Baroness Bowles of Berkhamsted: ...of domestic law and EU law. As such clause 6(3) of the Bill should not disturb the existing approach taken by our courts”. I still have an ongoing concern that I raised regarding post-Brexit loss rights of challenge in court, and on which I have written to the noble and learned Lord, Lord Keen, but from the interpretation point of view it is clear that recitals and other parts of...

European Union (Withdrawal) Bill - Committee (6th Day) (12 Mar 2018)

Baroness Bowles of Berkhamsted: ...be on the other side of them. This would cover every piece of single market legislation. Some of these things will be quite small, and were not criminal offences before. What has changed through Brexit that suddenly we have to criminalise everybody for everything?

European Union (Withdrawal) Bill - Committee (4th Day) (Continued) (5 Mar 2018)

Baroness Bowles of Berkhamsted: ...and I was not always there to change it. So that attitude has to be understood and applied. I am concerned that, when we have, as I am sure we will, some continuing alignment of regulations post Brexit, the deeper test of proportionality will not be considered and applied by government or public authorities unless they know that the ultimate sanction of striking down is available to the...

European Union (Withdrawal) Bill - Second Reading (2nd Day) (Continued) (31 Jan 2018)

Baroness Bowles of Berkhamsted: My Lords, as several noble Lords have mentioned, and as the Constitution Committee report said, lessons can be learned from the Sanctions and Anti-Money Laundering Bill. That is a sectoral Brexit Bill, not saving legislation and not aimed at policy change. It was explained, variously, as a technical bill, as dealing with deficiencies and as not changing policy—just the same vocabulary used...


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