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999767

registered interest
date	01/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what representations they have made to the Financial Policy Committee of the Bank of England regarding the case for (1) stress testing the capacity for open ended credit funds to withstand a credit shock, and (2) a review of the options available in the event of a significant decline in market liquidity.
tabling member printed	Lord Myners
uin	HL11212
answer	answer is ministerial correction date of answer 14/11/2018 answer text <p>The Financial Policy Committee (FPC) is an independent body responsible for monitoring and taking action to remove systemic risks to the financial system. The Chancellor sets a remit for the Committee each year related to its objectives. On 29 October the Chancellor set out the latest remit in a letter to the Governor of the Bank of England. Alongside the Prudential Regulation Committee (PRC), the FPC introduced an annual stress test of the largest UK banks and building societies in 2014. The FPC will conduct a comprehensive resilience assessment as part of the 2018 stress test at its meeting on 28 November. The Government supports the use of stress tests as a tool to ensure the ongoing resilience of the financial system.</p> answering member printed Lord Bates question first answered 14/11/2018 16:51:35 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

998921

registered interest
date	31/10/2018
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Department for Work and Pensions: Contracts
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Baroness Buscombe on 23 October (HL10674), whether they include in supplier contracts a specific requirement that they do nothing to harm public confidence in the person of the Secretary of State for Work and Pensions; and if so, whether this is a new policy, and when it was introduced.
tabling member printed	Lord Myners
uin	HL11170
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>Contractual provisions that impose obligations on suppliers not to harm the reputation of the purchasing authority or otherwise bring it into disrepute are not new policy, such provisions are well-established and widely used in both the public and private sector and are transparent throughout the tendering process. These provisions ensure that contractors adhere to good working practices and governance, for example by ensuring they do not break employment law or use dangerous, unfair or unethical practices which may bring the Authority into disrepute or harm public confidence. Such provisions do not stop any contract holders or affiliates from criticising any specific government department, government policy or politicians.</p> answering member printed Baroness Buscombe question first answered 12/11/2018 16:51:13 answering member 3349 label Biography information for Baroness Buscombe
tabling member	3869 label Biography information for Lord Myners

998475

registered interest
date	30/10/2018
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Channel Crossing: Shipping
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they have consulted the road logistics and shipping industry on any contingency plans for cross channel shipping in the event of a no-deal Brexit.
tabling member printed	Lord Myners
uin	HL11134
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p><strong> </strong></p><p>The Government is discussing a range of contingency planning issues with industry, including the road logistics and shipping sectors.</p> answering member printed Baroness Sugg question first answered 12/11/2018 16:37:28 answering member 4584 label Biography information for Baroness Sugg
tabling member	3869 label Biography information for Lord Myners

998476

registered interest
date	30/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Companies: Debt
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 on financial stability of the growth of leveraged corporate debt with weak lending covenants; what assessment they have made of any parallels with the situation before the global financial crisis; and what steps they intend to take to restrain that growth.
tabling member printed	Lord Myners
uin	HL11135
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>The Financial Policy Committee (FPC) of the Bank of England is the body responsible for monitoring systemic risks in the financial sector and, where appropriate, taking action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system. The FPC set out its most recent assessment of risks to UK financial stability in the Record of its 3 October meeting, published on 17 October. This included an assessment of the risks from corporate indebtedness and the growth in leveraged lending. The FPC will publish its next assessment of risks to UK financial stability in the Financial Stability Report on 5 December.</p><p> </p> answering member printed Lord Bates question first answered 08/11/2018 16:12:03 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

998477

registered interest
date	30/10/2018
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Channel Crossing: Shipping
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 capacity of alternative UK ports to accommodate traffic currently carried through Dover in their contingency plans for cross channel shipping in the event of a no-deal Brexit.
tabling member printed	Lord Myners
uin	HL11136
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The Department is undertaking a range of analysis to understand the transport implications of various scenarios, and to support the Department’s contingency planning.</p> answering member printed Baroness Sugg question first answered 12/11/2018 16:38:44 answering member 4584 label Biography information for Baroness Sugg
tabling member	3869 label Biography information for Lord Myners

998478

registered interest
date	30/10/2018
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Channel Crossing: Shipping
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 number of UK lorry drivers available for the onward transport of goods arriving at UK ports in their contingency plans for cross channel shipping in the event of a no-deal Brexit.
tabling member printed	Lord Myners
uin	HL11137
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The availability of UK-based lorry drivers is a relevant consideration when considering any potential switch from accompanied to unaccompanied freight, and the Government is taking this into account in its planning work.</p> answering member printed Baroness Sugg question first answered 12/11/2018 16:45:03 answering member 4584 label Biography information for Baroness Sugg
tabling member	3869 label Biography information for Lord Myners

997089

registered interest
date	29/10/2018
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Government Departments: Procurement
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they intend to commission a review into the benefit of adopting the recommendations on government procurement made in The Efficiency Review by Sir Philip Green, published in 2010.
tabling member printed	Lord Myners
uin	HL11093
answer	answer is ministerial correction date of answer 06/11/2018 answer text <p>We have implemented the key recommendations on public sector procurement made by the Efficiency Review in 2010. There are no current plans to review these recommendations.</p><p> </p><p>However, best practice guidance for public sector procurement is regularly published as procurement policy notes on GOV.UK at the following link:</p><p> </p><p><a href="https://www.gov.uk/government/collections/procurement-policy-notes" target="_blank">https://www.gov.uk/government/collections/procurement-policy-notes</a></p> answering member printed Lord Young of Cookham question first answered 06/11/2018 17:04:55 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3869 label Biography information for Lord Myners

994357

registered interest
date	24/10/2018
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	ARM: SoftBank
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they (1) were consulted by, or (2) have engaged with, SoftBank on the sale by that company of the intellectual property of Arm Holdings to a Chinese subsidiary of SoftBank; and what assessment they have made of the consistency of that sale with their position that "Britain is open for business".
tabling member printed	Lord Myners
uin	HL11001
answer	answer is ministerial correction date of answer 01/11/2018 answer text <p>The UK is open for business - it is our ambition that the country remains one of the most attractive destinations in the world for inwards investment.</p><p> </p><p>The Government was not consulted by the Softbank group, however as part of our regular engagement with ARM, the Government was aware of the proposal for its Chinese subsidiary to enter into a joint venture.</p><p> </p><p>Sale of the subsidiary did not breach undertakings given at the time of Softbank’s acquisition of ARM.</p> answering member printed Lord Henley question first answered 01/11/2018 17:01:33 answering member 2616 label Biography information for Lord Henley
tabling member	3869 label Biography information for Lord Myners

988475

registered interest
date	15/10/2018
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Universal Credit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether any contracts drawn up by the Department for Work and Pensions for suppliers working on Universal Credit include a clause requiring the supplier to do nothing that will attract adverse publicity to the Secretary of State or harm public confidence in her.
tabling member printed	Lord Myners
uin	HL10674
answer	answer is ministerial correction date of answer 24/10/2018 answer text <p>In contracts used across government, including at the Department for Work and Pensions and its Universal Credit programme, there are clauses that vary in different forms, typically these clauses require the supplier to ensure that neither it, nor any of its Affiliates, bring the Authority into disrepute by engaging in any act or omission which is reasonably likely to diminish the trust that the public places in the Authority, regardless of whether or not such act or omission is related to the Supplier’s obligations under said Agreement.</p><p> </p><p>These clauses do not prevent the contracting bodies from making statements critical of government policy, or programmes such as Universal Credit or politicians, and certainly do not prevent whistle-blowing (as this would be unlawful). They are designed to protect government, to ensure that contractors adhere to good working practices and do not engage in activities that will bring the Authority into disrepute or otherwise harm the confidence of the public in Government.</p> answering member printed Baroness Buscombe question first answered 24/10/2018 11:19:06 answering member 3349 label Biography information for Baroness Buscombe
tabling member	3869 label Biography information for Lord Myners

984293

registered interest
date	09/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Regulation
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 (1) data, and (2) powers available to regulators to manage the systemic risk linked to the non-bank lending, or "shadow banking" sector.
tabling member printed	Lord Myners
uin	HL10501
answer	answer is ministerial correction date of answer 23/10/2018 answer text <p>The Financial Policy Committee (FPC) of the Bank of England is the body responsible for monitoring systemic risks in the financial sector including risk outside the core banking sector, such as non-bank lending.</p><p> </p><p>The FPC performs an annual review of risk and regulation beyond the core banking sector. Following on from this assessment the FPC decides on whether to make a recommendation to the Treasury to grant the FPC an expansion of its regulatory perimeter or additional tools. However, the FPC is not limited to making requests at this time, it can make a recommendation as soon as it identifies a need. The last review was in November 2017 where they decided no such recommendations were needed. The next review will be in their next meeting which is currently scheduled for November 2018. The FPC’s recent assessment (October 2018) on the systemic risks posed by non-bank lending has highlighted the growth in leveraged lending as a concern and the Committee will review the issue again in its next meeting in November.</p> answering member printed Lord Bates question first answered 23/10/2018 10:54:30 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners