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909661

	registered interest
	date	22/05/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Markets: Corruption
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the use of the UK’s financial markets for corrupt transactions by overseas investors; and what steps they are taking to combat such practices.
	tabling member printed	Viscount Waverley
	uin	HL8156
	answer	answer is ministerial correction date of answer 06/06/2018 answer text <p>The UK’s openness and status as a global financial centre exposes it to the risk of illicit financial flows.</p><p> </p><p>The UK’s National Risk Assessment 2017 assessed that retail banking, wholesale banking, capital markets and wealth management are all exposed to high money laundering risks. This assessment can be viewed online.</p><p> </p><p>This government is committed to ensuring the UK’s financial system is hostile to illicit finance, and is taking action to protect the integrity of the UK financial system.</p><p> </p><p>This includes introducing the Criminal Finances Act 2017 to enhance law enforcement’s powers to investigate and tackle financial crime, and comprehensively updating the Money Laundering Regulations to bring them in line with the latest international standards.</p><p> </p><p>The Financial Conduct Authority (FCA), which supervises financial institutions conducts regular, detailed AML inspections of the major retail and investment banks operating in the UK. Where financial institutions fall short of their legal and regulatory obligations, the FCA has taken tough action.</p><p> </p> answering member printed Lord Bates question first answered 06/06/2018 16:03:05 answering member 1091 label Biography information for Lord Bates
	tabling member	1744 label Biography information for Viscount Waverley

940115

	registered interest
	date	12/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Asian Infrastructure Investment Bank
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what involvement the UK has with the Asian Infrastructure Investment Bank.
	tabling member printed	Viscount Waverley
	uin	HL9530
	answer	answer is ministerial correction date of answer 25/07/2018 answer text <p>The UK became a founding member of the Asian Infrastructure Investment Bank (AIIB) in 2015, with a 3.18% shareholding, representing a capital contribution of $3.05 billion (of which 20% will be paid-in over five years, and 80% is callable).</p><p> </p><p>The Chancellor of the Exchequer represents the UK at the AIIB Board of Governors. The UK also holds one of the 12 seats on the AIIB Board of Directors, representing the Wider Europe Constituency (Denmark, Hungary, Iceland, Norway, Poland, Sweden, Switzerland and the UK).</p><p> </p><p>The UK is an active and committed shareholder of the Bank, in pursuit of the UK’s objectives of supporting economic growth in Asia, deepening economic ties globally, supporting the development of international financial institutions, and creating opportunities for British businesses.</p><p> </p> answering member printed Lord Bates question first answered 25/07/2018 13:23:58 answering member 1091 label Biography information for Lord Bates
	tabling member	1744 label Biography information for Viscount Waverley

947642

	registered interest
	date	24/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to advance the UK’s position as an international financial centre.
	tabling member printed	Viscount Waverley
	uin	HL9898
	answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The UK is home to the world’s preeminent financial centre and the government is committed to maintaining and enhancing this position. In addition to our natural advantages, such as a central time zone and the English language, we have strengths across all the major sectors – banking, asset management, and insurance – alongside a globally respected regulatory system, and world-class legal and professional services.</p><p> </p><p>As the Chancellor of the Exchequer set out in his Mansion House speech in June, the government has a long-term vision for the future of UK financial services, based on ensuring the continued innovation, resilience, and openness of the sector. This includes strengthening the UK’s already world-leading positions in the markets of the future, whether in Fintech, green and sustainable finance, or rupee and renminbi products.</p> answering member printed Lord Bates question first answered 02/08/2018 12:10:45 answering member 1091 label Biography information for Lord Bates
	tabling member	1744 label Biography information for Viscount Waverley

924190

	registered interest
	date	14/06/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Standards
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the impact of those recommendations of the Parliamentary Commission on Banking Standards that were put into law through the provisions of the Financial Services (Banking Reform) Act 2013.
	tabling member printed	Viscount Thurso
	uin	HL8669
	answer	answer is ministerial correction date of answer 28/06/2018 answer text The Government has made significant steps to reform the financial services sector following the financial crisis, including by implementing the major recommendations of the Parliamentary Committee on Banking Standards (PCBS). The Financial Services (Banking Reform) Act 2013 implemented several of the PCBS’s recommendations. This includes the introduction of the Senior Managers and Certification Regime, which takes action on individual accountability and misconduct, the establishment of the Payment Systems Regulator, and giving the Prudential Regulation Authority a secondary competition objective. The Government continues to monitor the impact of these reforms. answering member printed Lord Bates question first answered 28/06/2018 14:01:15 answering member 1091 label Biography information for Lord Bates
	tabling member	1399 label Biography information for Viscount Thurso

924191

	registered interest
	date	14/06/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment, if any, they have made of the availability of bank accounts to small community groups, charities and societies.
	tabling member printed	Viscount Thurso
	uin	HL8670
	answer	answer is ministerial correction date of answer 28/06/2018 answer text <p>The Treasury has not made such an assessment. The RBS alternative remedies package will see a £775m investment in business banking facilities, enabling challenger banks to provide a larger range of business bank accounts.</p><p> </p><p>The Government recognises the enormous contribution that small and local charities make to society, and is working to enable smaller charities to become more independent, resilient and sustainable.</p> answering member printed Lord Bates question first answered 28/06/2018 13:57:50 answering member 1091 label Biography information for Lord Bates
	tabling member	1399 label Biography information for Viscount Thurso

943411

	registered interest
	date	17/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Revenue and Customs: Data Protection
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of whether HMRC is able to access UK citizens' bank accounts and other personal data without their permission and without judicial oversight.
	tabling member printed	Viscount Thurso
	uin	HL9622
	answer	answer is ministerial correction date of answer 31/07/2018 answer text <p>Under longstanding powers HMRC can require banks and building societies to provide data on interest paid to, or collected on behalf of, their customers, without the customer’s permission or judicial approval.</p><p> </p><p>With the approval of the taxpayer or the First Tier Tribunal, HMRC can require additional information from banks about a specific taxpayer that is reasonably required to check the taxpayer’s tax position. These data and information gathering powers, some of which have been in continual use since their introduction at the end of the eighteenth century, are regularly reviewed.</p> answering member printed Lord Bates question first answered 31/07/2018 11:58:02 answering member 1091 label Biography information for Lord Bates
	tabling member	1399 label Biography information for Viscount Thurso

940082

	registered interest
	date	12/07/2018
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	Syria: Humanitarian Aid
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what representations and reports they have received about the current humanitarian situation in Idlib.
	tabling member printed	The Marquess of Lothian
	uin	HL9497
	answer	answer is ministerial correction date of answer 24/07/2018 answer text <p>We are concerned about the dire humanitarian situation in Idlib where over two million civilians live in fear of attacks by the Assad regime and its backers. Over 50% of the Idlib population have been displaced from their homes, sometimes multiple times, stretching scarce resources beyond their limits and putting further strain on host communities. DFID-funded partners are providing the most vulnerable with food, education, healthcare and cash grants.</p><p> </p><p>With our international partners, the UK continues to use our position in the UN Security Council and the International Syria Support Group to advocate for the protection of civilians, and calls on all parties to allow humanitarian agencies unfettered access to deliver aid to those most in need</p> answering member printed Lord Bates question first answered 24/07/2018 11:25:52 answering member 1091 label Biography information for Lord Bates
	tabling member	259 label Biography information for The Marquess of Lothian

947599

	registered interest
	date	24/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation: Disclosure of Information
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the consultation paper, Amending HMRC’s Civil Information Powers, published on 10 July, which contained the proposal to remove the "requirement to seek approval from the tribunal or the taxpayer before a third-party notice could be issued", what protection and oversight they intend to introduce for taxpayers with regard to the provision of information from third parties.
	tabling member printed	The Marquess of Lothian
	uin	HL9870
	answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The Government believes that every HMRC information power should have an appropriate and proportional safeguard. The ongoing consultation asks for views on the appropriate safeguard to allow HMRC to use a third party information power effectively whilst still protecting taxpayers’ rights. All responses will be considered before any final decisions are taken.</p><p> </p> answering member printed Lord Bates question first answered 02/08/2018 12:07:49 answering member 1091 label Biography information for Lord Bates
	tabling member	259 label Biography information for The Marquess of Lothian

940063

	registered interest
	date	12/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Social Security Benefits: Children
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the statistics related to the policy to provide support for a maximum of two children published on 28 June by HM Revenue & Customs and the Department for Work and Pensions, of the 70,620 households affected, and not in receipt of an exception, what are the number of households with (1) 3 dependent children, (2) 4 dependent children, and (3) 5 or more dependent children.
	tabling member printed	The Lord Bishop of Durham
	uin	HL9478
	answer	answer is ministerial correction date of answer 25/07/2018 answer text <p>The information requested in respect of Child Tax Credit is set out in the attached table.</p> answering member printed Lord Bates question first answered 25/07/2018 13:38:47 answering member 1091 label Biography information for Lord Bates attachment 1 file name HL9478&HL9479.docx title Table for HL9478&HL9479
	tabling member	4312 label Biography information for The Lord Bishop of Durham

940064

	registered interest
	date	12/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Social Security Benefits: Children
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the statistics related to the policy to provide support for a maximum of two children published on 28 June by HM Revenue & Customs and the Department for Work and Pensions, what was the total number of children affected over the period covered by these statistics, excluding households in receipt of an exception.
	tabling member printed	The Lord Bishop of Durham
	uin	HL9479
	answer	answer is ministerial correction date of answer 25/07/2018 answer text <p>The information requested in respect of Child Tax Credit is set out in the attached table.</p> answering member printed Lord Bates question first answered 25/07/2018 13:38:42 answering member 1091 label Biography information for Lord Bates attachment 1 file name HL9478&HL9479.docx title Table for HL9478&HL9479
	tabling member	4312 label Biography information for The Lord Bishop of Durham