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1128022
unstar this property registered interest false more like this
star this property date less than 2019-05-21more like thisremove minimum value filter
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Markets: Regulation more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the role of (1) the European Securities and Markets Authority, and (2) the Financial Conduct Authority, will have in regulating financial markets after Brexit. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL15907 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-04more like thismore than 2019-06-04
star this property answer text <p>The European Supervisory Authorities - which includes the European Securities and Markets Authority - are a part of the EU’s joint supervisory framework for financial services. The UK’s future position outside of the EU will mean that the UK is no longer part of the joint supervisory framework.</p><p> </p><p>As part of preparations for leaving the EU in any scenario, HM Treasury has delivered a programme of legislation under the EU (Withdrawal) Act designed to ensure that the UK’s regulatory regime is workable. These preparations include transferring certain regulatory and supervisory functions currently carried out by the ESAs to the appropriate UK regulator, including the FCA, where the transfer of those functions is necessary to ensure an operable regulatory regime at exit.</p><p> </p><p>If the UK leaves the EU under the terms of the Withdrawal Agreement reached between the UK and the EU, the UK’s exit preparations would be delayed until the end of the agreed Implementation Period. Market access arrangements would continue and the UK would remain part of the joint supervisory framework, with ESA functions continuing to apply to the UK, until the end of the Implementation Period.</p><p> </p><p>In any exit scenario, we expect UK regulators to continue to work closely with their counterparts in the EU. This is demonstrated in the Political Declaration agreed between the UK and the EU on the future relationship, in which both sides commit to close cooperation on supervisory and regulatory matters.</p>
star this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-06-04T13:50:53.133Zmore like thismore than 2019-06-04T13:50:53.133Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
1128023
unstar this property registered interest false more like this
star this property date less than 2019-05-21more like thisremove minimum value filter
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Banks: Digital Technology more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what steps, if any, they are taking to invest in digital technology hubs in the UK banking sector. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL15908 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-04more like thismore than 2019-06-04
star this property answer text <p>The government is committed to ensuring the UK is one of the best places in the world to start and grow a digital business. That is why we are unlocking £20bn of finance for innovative firms over the next 10 years, and why we announced £21m to establish Tech Nation and its network of 10 regional hubs, supporting further innovation in financial services.</p><p><br> We also recognise the important role that digital technology hubs, such as Level 39 in Canary Wharf, have played in promoting the adoption of technology in the UK banking sector, and we are engaging with industry to explore how we can further support digital technology hubs in the UK.</p> more like this
star this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-06-04T13:48:57.39Zmore like thismore than 2019-06-04T13:48:57.39Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
1128071
unstar this property registered interest false more like this
star this property date less than 2019-05-22more like thismore than 2019-05-22
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading National Insurance Contributions: Pensioners more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they have made an estimate of the revenue which could be raised if the exemption from employee and employer's national insurance contributions for people above pensionable age was removed; and if so, what is that estimate. more like this
star this property tabling member printed
Lord Forsyth of Drumlean more like this
star this property uin HL15920 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-06more like thismore than 2019-06-06
star this property answer text <p>The “Estimated costs of principal tax reliefs” publication, sets out an estimate of the cost of the exemption of those over State pension age from paying National Insurance. It is estimated that the cost of this exemption is approximately £1.1bn in 2018-19. The estimates do not allow for any behavioural changes as a result of the reliefs. In practice if a relief was withdrawn, taxpayers’ behaviour would be likely to alter so that the actual yield could be lower than that shown in the tables.</p><p> </p><p>Employers are not currently exempt from paying employer NICs for their employees above the state pension age.</p> more like this
star this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-06-06T12:50:41.547Zmore like thismore than 2019-06-06T12:50:41.547Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
1141
unstar this property label Biography information for Lord Forsyth of Drumlean more like this
1128085
unstar this property registered interest false more like this
star this property date less than 2019-05-22more like thismore than 2019-05-22
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Banks: Hacking more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the advice of the government of Sweden to its citizens to keep cash on hand against the possibility of a hacking attack on the banking system; and whether they are considering giving similar advice to UK citizens. more like this
star this property tabling member printed
Lord Radice more like this
star this property uin HL15934 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-06more like thismore than 2019-06-06
star this property answer text <p>The Government has not provided similar advice to UK citizens. HM Treasury works closely with the other Financial Authorities, Intelligence Agencies and Law Enforcement to ensure that the system is robust to a wide range of operational risks, including cyber. The Financial Authorities have well-established mechanisms to respond to operational disruption were it to occur.</p> more like this
star this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-06-06T12:47:25.307Zmore like thismore than 2019-06-06T12:47:25.307Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
510
unstar this property label Biography information for Lord Radice more like this
1128089
unstar this property registered interest false more like this
star this property date less than 2019-05-22more like thismore than 2019-05-22
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Cash Dispensing more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, for each of the last 24 months for which data is available, (1) what was the total stock of ATMs and how many of those were free to use; (2) how many free to use ATMs have been closed; (3) how many of those closures were in areas of economic deprivation; and (4) how many were one mile or more from the nearest remaining free to use ATMs. more like this
star this property tabling member printed
Lord Sharkey more like this
star this property uin HL15938 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-06more like thismore than 2019-06-06
star this property answer text <p>In 2015, the Government established the Payment Systems Regulator (PSR), with a statutory objective to ensure that the UK’s payment systems work in the interests of their users. As a result, the PSR is closely monitoring developments within ATM provision, and has used its powers to ensure LINK meets its commitment on maintaining the broad geographical spread of free-to-use ATMs.</p><p> </p><p>Data on the total stock of ATMs in the UK and how this has changed each year since 1998, including the split between free-to-use and pay-to-use ATMs, is publicly available on the LINK website. LINK also publish monthly data on their Financial Inclusion Programme, including on the numbers of free-to-use ATMs in deprived areas. In addition, data on the numbers of free-to-use ATMs 1 kilometre or further from the next nearest free-to-use ATM are provided each month in LINK’s publicly available ATM Footprint Report.</p> more like this
star this property answering member printed Lord Young of Cookham more like this
star this property question first answered
less than 2019-06-06T12:44:20.197Zmore like thismore than 2019-06-06T12:44:20.197Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4196
unstar this property label Biography information for Lord Sharkey more like this
1129478
unstar this property registered interest false more like this
star this property date less than 2019-06-04more like thismore than 2019-06-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Occupational Pensions: Tax Allowances more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, according to the data gathered by the HM Revenue and Customs Real Time Information programme, how many (1) women, and (2) men earning below the personal income tax threshold were contributing at work to a net pay pension scheme in the last three years; and whether they have estimates of these numbers for the current year. more like this
star this property tabling member printed
Baroness Altmann more like this
star this property uin HL15963 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-18more like thismore than 2019-06-18
star this property answer text <p>HM Revenue and Customs can provide estimates of the number of women and men earning income below the personal allowance threshold who contribute to a net pay or a relief at source pension scheme over a three year period. These figures are set out in the table below.</p><p>These figures are produced using HMRC’s Real Time Information data to identify taxpayers who contribute to relief at source and net pay pension schemes, which is then combined with the Survey of Personal Incomes to obtain information on income and gender. The most recent tax/year for which these estimates are available is 2016/17.</p><p> </p><p><strong>Number of individuals earning below the Personal Allowance making workplace pension contributions into net pay and relief at source pension schemes (Figures are in thousands)</strong></p><table><tbody><tr><td><p> </p></td><td><p>2014/15</p></td><td><p>2015/16</p></td><td><p>2016/17</p></td></tr><tr><td colspan="4"><p>Net Pay</p></td></tr><tr><td><p>Female</p></td><td><p>800</p></td><td><p>900</p></td><td><p>1,000</p></td></tr><tr><td><p>Male</p></td><td><p>300</p></td><td><p>300</p></td><td><p>300</p></td></tr><tr><td><p>Total</p></td><td><p>1,100</p></td><td><p>1,200</p></td><td><p>1,300</p></td></tr><tr><td colspan="4"><p>Relief at Source</p></td></tr><tr><td><p>Female</p></td><td><p>400</p></td><td><p>500</p></td><td><p>700</p></td></tr><tr><td><p>Male</p></td><td><p>300</p></td><td><p>300</p></td><td><p>400</p></td></tr><tr><td><p>Total</p></td><td><p>600</p></td><td><p>900</p></td><td><p>1,100</p></td></tr></tbody></table><p>Note: (1) Personal Allowances for the respective tax years: £10,000 in 2014/15, £10,600 in 2015/16 and £11,000 in 2016/17; (2) Figures are rounded to neared 100 thousand; (3) Figures by gender may not sum to total due to rounding</p><p>Source: Real Time Information and Survey of Personal Income Data for 2014/15, 2015/16 and 2016/17.</p><p> </p><p>There may be individuals who have both relief at source and net pay pension schemes. The relief at source pension schemes data only shows individuals who are part of an employer-sponsored or provided pension scheme.</p><p> </p><p>An estimate of the number of disabled people who earn less than the personal allowance and are contributing to a net pay pension scheme is not available. The relevant HM Revenue and Customs’ administrative data does not contain information on disability.</p><p> </p><p>An estimate for the number of taxpayers with relief at source pensions who fail to claim higher rate tax relief, and how much higher rate tax relief is unclaimed each year, is not available.</p>
star this property answering member printed Lord Young of Cookham more like this
star this property grouped question UIN
HL15964 more like this
HL15965 more like this
HL15966 more like this
star this property question first answered
less than 2019-06-18T15:32:43.827Zmore like thismore than 2019-06-18T15:32:43.827Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4533
unstar this property label Biography information for Baroness Altmann more like this
1129479
unstar this property registered interest false more like this
star this property date less than 2019-06-04more like thismore than 2019-06-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Occupational Pensions: Tax Allowances more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, according to the data gathered by the HM Revenue and Customs Real Time Information programme, how many (1) women and (2) men earning below the personal income tax threshold were contributing at work to a relief at source pension scheme in the last three years; and whether they have estimates of these numbers for the current year. more like this
star this property tabling member printed
Baroness Altmann more like this
star this property uin HL15964 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-18more like thismore than 2019-06-18
star this property answer text <p>HM Revenue and Customs can provide estimates of the number of women and men earning income below the personal allowance threshold who contribute to a net pay or a relief at source pension scheme over a three year period. These figures are set out in the table below.</p><p>These figures are produced using HMRC’s Real Time Information data to identify taxpayers who contribute to relief at source and net pay pension schemes, which is then combined with the Survey of Personal Incomes to obtain information on income and gender. The most recent tax/year for which these estimates are available is 2016/17.</p><p> </p><p><strong>Number of individuals earning below the Personal Allowance making workplace pension contributions into net pay and relief at source pension schemes (Figures are in thousands)</strong></p><table><tbody><tr><td><p> </p></td><td><p>2014/15</p></td><td><p>2015/16</p></td><td><p>2016/17</p></td></tr><tr><td colspan="4"><p>Net Pay</p></td></tr><tr><td><p>Female</p></td><td><p>800</p></td><td><p>900</p></td><td><p>1,000</p></td></tr><tr><td><p>Male</p></td><td><p>300</p></td><td><p>300</p></td><td><p>300</p></td></tr><tr><td><p>Total</p></td><td><p>1,100</p></td><td><p>1,200</p></td><td><p>1,300</p></td></tr><tr><td colspan="4"><p>Relief at Source</p></td></tr><tr><td><p>Female</p></td><td><p>400</p></td><td><p>500</p></td><td><p>700</p></td></tr><tr><td><p>Male</p></td><td><p>300</p></td><td><p>300</p></td><td><p>400</p></td></tr><tr><td><p>Total</p></td><td><p>600</p></td><td><p>900</p></td><td><p>1,100</p></td></tr></tbody></table><p>Note: (1) Personal Allowances for the respective tax years: £10,000 in 2014/15, £10,600 in 2015/16 and £11,000 in 2016/17; (2) Figures are rounded to neared 100 thousand; (3) Figures by gender may not sum to total due to rounding</p><p>Source: Real Time Information and Survey of Personal Income Data for 2014/15, 2015/16 and 2016/17.</p><p> </p><p>There may be individuals who have both relief at source and net pay pension schemes. The relief at source pension schemes data only shows individuals who are part of an employer-sponsored or provided pension scheme.</p><p> </p><p>An estimate of the number of disabled people who earn less than the personal allowance and are contributing to a net pay pension scheme is not available. The relevant HM Revenue and Customs’ administrative data does not contain information on disability.</p><p> </p><p>An estimate for the number of taxpayers with relief at source pensions who fail to claim higher rate tax relief, and how much higher rate tax relief is unclaimed each year, is not available.</p>
star this property answering member printed Lord Young of Cookham more like this
star this property grouped question UIN
HL15963 more like this
HL15965 more like this
HL15966 more like this
star this property question first answered
less than 2019-06-18T15:32:43.87Zmore like thismore than 2019-06-18T15:32:43.87Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4533
unstar this property label Biography information for Baroness Altmann more like this
1129480
unstar this property registered interest false more like this
star this property date less than 2019-06-04more like thismore than 2019-06-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Occupational Pensions: Tax Allowances more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether the data gathered by the HM Revenue and Customs Real Time Information programme shows how many disabled people earning less than the personal tax threshold are currently contributing to a net pay pension scheme at work. more like this
star this property tabling member printed
Baroness Altmann more like this
star this property uin HL15965 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-18more like thismore than 2019-06-18
star this property answer text <p>HM Revenue and Customs can provide estimates of the number of women and men earning income below the personal allowance threshold who contribute to a net pay or a relief at source pension scheme over a three year period. These figures are set out in the table below.</p><p>These figures are produced using HMRC’s Real Time Information data to identify taxpayers who contribute to relief at source and net pay pension schemes, which is then combined with the Survey of Personal Incomes to obtain information on income and gender. The most recent tax/year for which these estimates are available is 2016/17.</p><p> </p><p><strong>Number of individuals earning below the Personal Allowance making workplace pension contributions into net pay and relief at source pension schemes (Figures are in thousands)</strong></p><table><tbody><tr><td><p> </p></td><td><p>2014/15</p></td><td><p>2015/16</p></td><td><p>2016/17</p></td></tr><tr><td colspan="4"><p>Net Pay</p></td></tr><tr><td><p>Female</p></td><td><p>800</p></td><td><p>900</p></td><td><p>1,000</p></td></tr><tr><td><p>Male</p></td><td><p>300</p></td><td><p>300</p></td><td><p>300</p></td></tr><tr><td><p>Total</p></td><td><p>1,100</p></td><td><p>1,200</p></td><td><p>1,300</p></td></tr><tr><td colspan="4"><p>Relief at Source</p></td></tr><tr><td><p>Female</p></td><td><p>400</p></td><td><p>500</p></td><td><p>700</p></td></tr><tr><td><p>Male</p></td><td><p>300</p></td><td><p>300</p></td><td><p>400</p></td></tr><tr><td><p>Total</p></td><td><p>600</p></td><td><p>900</p></td><td><p>1,100</p></td></tr></tbody></table><p>Note: (1) Personal Allowances for the respective tax years: £10,000 in 2014/15, £10,600 in 2015/16 and £11,000 in 2016/17; (2) Figures are rounded to neared 100 thousand; (3) Figures by gender may not sum to total due to rounding</p><p>Source: Real Time Information and Survey of Personal Income Data for 2014/15, 2015/16 and 2016/17.</p><p> </p><p>There may be individuals who have both relief at source and net pay pension schemes. The relief at source pension schemes data only shows individuals who are part of an employer-sponsored or provided pension scheme.</p><p> </p><p>An estimate of the number of disabled people who earn less than the personal allowance and are contributing to a net pay pension scheme is not available. The relevant HM Revenue and Customs’ administrative data does not contain information on disability.</p><p> </p><p>An estimate for the number of taxpayers with relief at source pensions who fail to claim higher rate tax relief, and how much higher rate tax relief is unclaimed each year, is not available.</p>
star this property answering member printed Lord Young of Cookham more like this
star this property grouped question UIN
HL15963 more like this
HL15964 more like this
HL15966 more like this
star this property question first answered
less than 2019-06-18T15:32:43.917Zmore like thismore than 2019-06-18T15:32:43.917Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4533
unstar this property label Biography information for Baroness Altmann more like this
1129481
unstar this property registered interest false more like this
star this property date less than 2019-06-04more like thismore than 2019-06-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Occupational Pensions: Tax Allowances more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what estimates they have of (1) how many higher rate taxpayers fail to claim higher rate tax relief, and (2) how much higher rate tax relief is unclaimed each year, in relief at source pensions. more like this
star this property tabling member printed
Baroness Altmann more like this
star this property uin HL15966 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-18more like thismore than 2019-06-18
star this property answer text <p>HM Revenue and Customs can provide estimates of the number of women and men earning income below the personal allowance threshold who contribute to a net pay or a relief at source pension scheme over a three year period. These figures are set out in the table below.</p><p>These figures are produced using HMRC’s Real Time Information data to identify taxpayers who contribute to relief at source and net pay pension schemes, which is then combined with the Survey of Personal Incomes to obtain information on income and gender. The most recent tax/year for which these estimates are available is 2016/17.</p><p> </p><p><strong>Number of individuals earning below the Personal Allowance making workplace pension contributions into net pay and relief at source pension schemes (Figures are in thousands)</strong></p><table><tbody><tr><td><p> </p></td><td><p>2014/15</p></td><td><p>2015/16</p></td><td><p>2016/17</p></td></tr><tr><td colspan="4"><p>Net Pay</p></td></tr><tr><td><p>Female</p></td><td><p>800</p></td><td><p>900</p></td><td><p>1,000</p></td></tr><tr><td><p>Male</p></td><td><p>300</p></td><td><p>300</p></td><td><p>300</p></td></tr><tr><td><p>Total</p></td><td><p>1,100</p></td><td><p>1,200</p></td><td><p>1,300</p></td></tr><tr><td colspan="4"><p>Relief at Source</p></td></tr><tr><td><p>Female</p></td><td><p>400</p></td><td><p>500</p></td><td><p>700</p></td></tr><tr><td><p>Male</p></td><td><p>300</p></td><td><p>300</p></td><td><p>400</p></td></tr><tr><td><p>Total</p></td><td><p>600</p></td><td><p>900</p></td><td><p>1,100</p></td></tr></tbody></table><p>Note: (1) Personal Allowances for the respective tax years: £10,000 in 2014/15, £10,600 in 2015/16 and £11,000 in 2016/17; (2) Figures are rounded to neared 100 thousand; (3) Figures by gender may not sum to total due to rounding</p><p>Source: Real Time Information and Survey of Personal Income Data for 2014/15, 2015/16 and 2016/17.</p><p> </p><p>There may be individuals who have both relief at source and net pay pension schemes. The relief at source pension schemes data only shows individuals who are part of an employer-sponsored or provided pension scheme.</p><p> </p><p>An estimate of the number of disabled people who earn less than the personal allowance and are contributing to a net pay pension scheme is not available. The relevant HM Revenue and Customs’ administrative data does not contain information on disability.</p><p> </p><p>An estimate for the number of taxpayers with relief at source pensions who fail to claim higher rate tax relief, and how much higher rate tax relief is unclaimed each year, is not available.</p>
star this property answering member printed Lord Young of Cookham more like this
star this property grouped question UIN
HL15963 more like this
HL15964 more like this
HL15965 more like this
star this property question first answered
less than 2019-06-18T15:32:43.953Zmore like thismore than 2019-06-18T15:32:43.953Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4533
unstar this property label Biography information for Baroness Altmann more like this
1129548
unstar this property registered interest false more like this
star this property date less than 2019-06-04more like thismore than 2019-06-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading London Capital and Finance: Insolvency more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government why 12 months have been allowed for the completion of Dame Elizabeth Gloster's inquiry into the circumstances surrounding the collapse of investment firm London Capital &amp; Finance and the Financial Conduct Authority’s supervision of the firm. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL16033 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-18more like thismore than 2019-06-18
star this property answer text <p>On 23 May, the Treasury formally directed the Financial Conduct Authority (FCA) to launch an independent investigation into the events at London Capital &amp; Finance (LCF), and approved the FCA’s appointment of Dame Elizabeth Gloster to lead it. The investigation will look at the events and circumstances surrounding the failure of LCF and whether, in its supervision of LCF, the FCA discharged its functions in a manner which enabled it to effectively fulfil its statutory objectives. Dame Elizabeth will be able to consider any other matters she deems relevant to the events set out in the Treasury’s direction to the FCA.</p><p> </p><p>Dame Elizabeth is an experienced barrister, leading QC and Judge at the High Court and Court of Appeal. The Treasury is satisfied that she will be able to lead a robust and independent investigation.</p><p> </p><p>The Treasury has stipulated that the investigation should be completed within 12 months, whilst allowing the investigator to report sooner than 12 months if this is feasible. This will ensure that the investigation is as thorough as possible and that the right lessons are learned to better protect those who invest their money in the future.</p>
star this property answering member printed Lord Young of Cookham more like this
star this property grouped question UIN
HL16034 more like this
HL16035 more like this
star this property question first answered
less than 2019-06-18T15:18:13.633Zmore like thismore than 2019-06-18T15:18:13.633Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
3869
unstar this property label Biography information for Lord Myners more like this