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1130253

	registered interest
	date	05/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages
	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 consequences for depositor protection and financial stability from the number of lenders offering residential property mortgage loans at 95 per cent of value or higher; and what options are open to (1) them, (2) the Bank of England, and (3) the Prudential Regulation Authority, to protect depositors and ensure financial stability.
	tabling member printed	Lord Myners
	uin	HL16114
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p><em>The Financial Policy Committee (FPC) of the Bank of England was set up to identify, monitor and take action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system as part of the new financial regulatory framework legislated for under The Financial Services Act 2012. The FPC noted in their November 2018 Financial Stability Report that the share of households with high mortgage debt-servicing ratios (DSRs) is close to historical lows. The FPC has powers of direction to place limits on the proportion of new mortgages that a bank can extend at high LTV ratios, if it judges that this is required to mitigate financial stability risks.</em></p><p><em> </em></p><em> </em><p><em>While the Bank therefore has powers to tackle these risks, the Financial Services Compensation Scheme (FSCS), set up by the Government in 2001, also provides a key role in ensuring financial stability and protecting depositors. The FSCS provides deposit protection of up to £85,000 per person, per authorised firm. The Financial Services Markets Act 2000 gives powers to the regulators, including the Prudential Regulation Authority (PRA) to make the rules in which FSCS carries out its compensation function.</em></p><p> </p> answering member printed Lord Young of Cookham question first answered 19/06/2019 16:43:39 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1130250

	registered interest
	date	05/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Markets
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they have reviewed the market liquidity in the subprime sterling bond market in the context of increased bond issuance.
	tabling member printed	Lord Myners
	uin	HL16111
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p><em>The Financial Policy Committee (FPC) of the Bank of England was set up to identify, monitor and take action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system as part of the new financial regulatory framework legislated for under The Financial Services Act 2012. The FPC set out its most recent assessment of financial stability risks, including from the sterling bond market, in its March 2019 Policy Summary, in which it noted that post-crisis reforms have made dealers, on which some markets rely, more resilient, reducing the probability that market-making losses could lead to their distress or failure. In addition, the FPC noted that during the more recent period of volatility at the end of 2018, pension funds and insurers had acted as net buyers of sterling corporate bonds. Notwithstanding this, new business models mean that liquidity conditions in corporate debt markets could change quickly in event of stress.</em> <em>However, overall the FPC judged that markets had proved able to function effectively through volatile periods, and the strength of the core financial system, including banks, dealers and insurance companies, would support the functioning of markets on which the economy relied.</em></p> answering member printed Lord Young of Cookham question first answered 19/06/2019 16:43:32 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	3869 label Biography information for Lord Myners

1130822

	registered interest
	date	10/06/2019
	answering body	Department for Transport
	answering dept id	27
	answering dept short name	Transport
	answering dept sort name	Transport
	hansard heading	Roads: Oxford-Cambridge Arc
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government when a Habitats Regulation Assessment will be undertaken in respect of the ancient woodland, wildlife and conservation areas which will be affected by the planned Oxford to Cambridge expressway.
	tabling member printed	Baroness Deech
	uin	HL16189
	answer	answer is ministerial correction date of answer 20/06/2019 answer text <p>A Habitats Regulations Assessment will be completed if a preferred route has the potential to cause a significant effect on habitats specified in legislation.</p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 20/06/2019 14:25:57 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	3756 label Biography information for Baroness Deech

1130593

	registered interest
	date	06/06/2019
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Foundation Courses
	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 withdrawing financial support for foundation years attached to degree courses on access to higher education for students from disadvantaged backgrounds.
	tabling member printed	Lord Bassam of Brighton
	uin	HL16137
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>Access and successful participation remain a priority for this government and is enshrined in the Higher Education and Research Act (2017). Everyone with the ability to succeed in higher education should have the opportunity, regardless of their background or where they grew up.</p><p> </p><p>The independent panel’s report to the government, published on 30 May, forms an important step in the review of Post-18 Education and Funding. The government will consider the panel’s recommendations carefully and will conclude the review at the Spending Review. The government has not yet taken decisions with regards to the recommendations put forward.</p><p> </p> answering member printed Viscount Younger of Leckie question first answered 19/06/2019 16:39:28 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	3504 label Biography information for Lord Bassam of Brighton

1130815

	registered interest
	date	10/06/2019
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	Pakistan: Religious Freedom
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to ensure that modules which promote freedom of religion or belief and religious tolerance are included in all future Department for International Development capacity building programmes in Pakistan.
	tabling member printed	Lord Alton of Liverpool
	uin	HL16182
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>All DFID programmes in Pakistan, including capacity building programmes, support the poorest and most excluded people and communities regardless of race, religion, social background or nationality. The promotion of Freedom of Religious belief and religious tolerance is an important aspect of this approach. Since 2010, DFID’s skills Development Programme has trained over 332,000 poor and vulnerable people to improve their employment prospects, including people from religious minorities. We regularly raise the importance of religious tolerance at senior levels with the Government of Pakistan.</p> answering member printed Baroness Sugg question first answered 19/06/2019 11:28:36 answering member 4584 label Biography information for Baroness Sugg
	tabling member	738 label Biography information for Lord Alton of Liverpool

1130837

	registered interest
	date	10/06/2019
	answering body	Ministry of Defence
	answering dept id	11
	answering dept short name	Defence
	answering dept sort name	Defence
	hansard heading	AWACS: Procurement
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of how robust in terms of (1) price, and (2) delivery, the approved business case is for the procurement of the Boeing E-7 Wedgetail.
	tabling member printed	Lord Moonie
	uin	HL16204
	answer	answer is ministerial correction date of answer 20/06/2019 answer text <p>All Ministry of Defence (MOD) business cases undergo rigorous assessment in accordance with Joint Service Publication 655, which includes assessments of both cost and deliverability. An outline business case to replace the existing capability delivered by the E-3D Sentry fleet was submitted to the MOD Investment Approval Committee in December 2018. This was subject to approval by MOD Head Office and HM Treasury.</p> answering member printed Earl Howe question first answered 20/06/2019 16:22:19 answering member 2000 label Biography information for Earl Howe
	tabling member	621 label Biography information for Lord Moonie

1130830

	registered interest
	date	10/06/2019
	answering body	Home Office
	answering dept id	1
	answering dept short name	Home Office
	answering dept sort name	Home Office
	hansard heading	Visas: Africa
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they made of the letter, published in The Observer on 9 June, from 70 senior leaders from universities and research institutes across the UK warning that “visa refusals for African cultural, development and academic leaders ... [are] undermining 'Global Britain’s' reputation as well as efforts to tackle global challenges"; and what steps they intend to take in response.
	tabling member printed	Lord Judd
	uin	HL16197
	answer	answer is ministerial correction date of answer 24/06/2019 answer text <p>All visa applications are considered on their individual merits and on the basis of the evidence available, in line with the immigration rules. We welcome international academics and recognise their contribution to the UK’s world-leading education sector.</p><p>When we are informed of large academic events, UKVI strategic engagement teams can assist event organisers and attendees with the visa application process.</p> answering member printed Baroness Williams of Trafford question first answered 24/06/2019 15:01:49 answering member 4311 label Biography information for Baroness Williams of Trafford
	tabling member	1660 label Biography information for Lord Judd

1130230

	registered interest
	date	05/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Married People: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the publication of revised figures on the uptake of the Marriage Allowance by HMRC, whether they have a revised budget for the Marriage Allowance for the 2019/20 financial year; and what the actual expenditure on the Marriage Allowance was in the 2018/19 financial year.
	tabling member printed	Baroness Eaton
	uin	HL16091
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>Anyone who applies for Marriage Allowance and meets the criteria will receive it. There is no set budget. The estimated cost to the Exchequer of Marriage Allowance in the 2018/19 financial year is £485 million. The cost will be finalised after 2018/19 Self-Assessment returns are submitted in January 2020.</p> answering member printed Lord Young of Cookham question first answered 19/06/2019 16:38:37 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4184 label Biography information for Baroness Eaton

1130219

	registered interest
	date	05/06/2019
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	Democratic Republic of Congo: Ebola
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is their most recent assessment of the number of (1) cases reported, and (2) deaths, as a result of the Ebola outbreak in the Democratic Republic of the Congo; what assessment they have made of the factors contributing to the spread of that virus; and what assistance they are providing to the International Red Cross and Red Crescent Movement to increase preparedness in provinces and health zones adjacent to the affected areas and in neighbouring countries.
	tabling member printed	Lord Alton of Liverpool
	uin	HL16080
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>As of 9 June, there have been 2,056 Ebola cases in the DRC, 1,962 of which are confirmed and 94 are probable. There have been 1,384 deaths. However, actual numbers are likely to be higher given ongoing difficulty in undertaking response activities and the high proportion of community deaths. A number of factors are contributing to the spread of the virus, ranging from insecurity and access challenges, to community mistrust.</p><p>The Minister for Africa recently announced new UK aid funding to the International Federation of the Red Cross and Red Crescent Societies (IFRC) to support their work during this response. IFRC’s appeal includes safe and dignified burials and preparedness in provinces adjacent to the affected areas. Moreover, the UK has been the leading donor for regional preparedness, supporting neighbouring countries to prepare for potential cases.</p> answering member printed Baroness Sugg question first answered 19/06/2019 15:48:08 answering member 4584 label Biography information for Baroness Sugg
	tabling member	738 label Biography information for Lord Alton of Liverpool

1130842

	registered interest
	date	10/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Takeovers: Conflict of Interests
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 20 May (HL15640), whether they have reviewed the decision-making processes in investment institutions which hold equity investments in both the offeror and the offeree in a takeover situation but on behalf of different clients and where a particular outcome might favour one group of clients over another .
	tabling member printed	Lord Myners
	uin	HL16209
	answer	answer is ministerial correction date of answer 19/06/2019 answer text <p>Asset managers act as agents of investors in their funds. They are required to manage their funds in the best interests of all of their fund investors and to appropriately avoid, manage and disclose conflicts of interests that could, and do arise between different investor groups. This is a requirement of Markets in Financial Instruments Directive II (MiFID II).</p><p> </p><p>Asset managers should have policies, procedures and governance in place to effectively manage any conflicts arising from their stewardship obligations.</p><p> </p><p>The FCA has recently published a Policy Statement (PS 19/13) ‘Proposals to promote shareholder engagement: Feedback to CP 19/7 and final rules.’ This sets out final rules to implement requirements of the Revised Shareholder Rights Directive (SRD II). SRD II introduced new requirements to improve shareholder engagement and increase transparency around stewardship. The rules came into effect on 10 June 2019 requiring asset managers to disclose and make publicly available their policies on how they engage with the companies they invest in. They also require asset managers to provide certain information to institutional investors, including occupational pension schemes. The new rules are designed to foster stewardship, and better stewardship should lead to better decision making in relation to mergers and acquisitions.</p> answering member printed Lord Henley question first answered 19/06/2019 16:42:37 answering member 2616 label Biography information for Lord Henley
	tabling member	3869 label Biography information for Lord Myners