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1104666

	registered interest
	date	25/03/2019
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Degrees
	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 first class degrees awarded by the (1) University of Surrey, and (2) University of Bradford; whether they have had any discussions with those universities about the number of such degrees awarded; and if so, what were the outcomes of any such discussions.
	tabling member printed	Lord Myners
	uin	HL14791
	answer	answer is ministerial correction date of answer 05/04/2019 answer text <p>The Higher Education and Research Act 2017 established a new independent regulator in England, the Office for Students (OfS). The act gives the OfS powers to assess the quality and standards applied to higher education by English providers.</p><p>The government has made it clear in guidance to the OfS that grade inflation must be tackled. In their strategy, attached, the OfS includes ensuring “qualifications hold their value over time” as a key objective. In December 2018, the OfS published analysis of changes in degree classifications between 2010-11 and 2016-17, which is attached. This includes data on the University of Surrey and the University of Bradford.</p><p>On 24 March, my right hon. Friend, the Secretary of State for Education called for universities to end the steep rise of “unjustifiable” first class degrees which is a threat to the world class reputation of the university sector, and risks undermining the efforts of hard working students. The government expects the OfS, when it has its full range of powers, to challenge those institutions that record an unjustifiable rise in the proportion of top degrees being awarded.</p><p>The OfS’ statutory powers are on course to be strengthened through new regulations due to be laid in Parliament later this year, which will allow the OfS to levy fines of up to £500,000 or 2% of a university’s income (whichever is higher). The UK Standing Committee for Quality Assessment is developing sector-recognised standards to ensure that all degree awards are consistent and fair - due to be completed this academic year. Together, these measures will strengthen the regulator’s ability to challenge universities with unwarranted grade inflation and hold them to account.</p><p>Any university found to be damaging students’ interests could be subject to sanctions such as placing additional conditions on their registration, fines, or in the worst case scenario removing a university’s powers to award degrees.</p><p> </p> answering member printed Viscount Younger of Leckie attachment 1 file name HL14791_OfS_Strategy_2018_2021.pdf title HL14791_OfS_Strategy_2018_2021 2 file name HL14791_Analysis_of_Degree_Classifications.pdf title HL14791_Analysis_of_Degree_Classifications question first answered 05/04/2019 10:54:12 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	3869 label Biography information for Lord Myners

1092786

	registered interest
	date	21/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banking Competition Remedies
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what representations they have made, if any, to Banking Competition Remedies Limited in connection with its awards to banks in general, and Metro Bank in particular.
	tabling member printed	Lord Myners
	uin	HL14737
	answer	answer is ministerial correction date of answer 03/04/2019 answer text <p>Banking Competition Remedies (BCR) is the independent body established to implement the Royal Bank of Scotland (RBS) funded Alternative Remedies Package (the Package). BCR has sole responsibility for Package implementation, including responsibility for decisions on Capability and Innovation Fund (CIF) awards.</p><p> </p><p>Firm supervision is a matter for the independent regulators, in this case, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) which jointly regulate Metro Bank.</p> answering member printed Lord Bates grouped question UIN HL14738 HL14739 question first answered 03/04/2019 16:56:17 answering member 1091 label Biography information for Lord Bates
	tabling member	3869 label Biography information for Lord Myners

1092787

	registered interest
	date	21/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banking Competition Remedies: Metro Bank
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they are considering asking, or have asked, Banking Competition Remedies Limited to reconsider the allocation of part of the RBS State aid: alternative remedies package to Metro Bank, in the light of subsequent announcements by Metro Bank of a short fall in equity capital, truncated growth in branch openings and short comings in financial control and governance oversight.
	tabling member printed	Lord Myners
	uin	HL14738
	answer	answer is ministerial correction date of answer 03/04/2019 answer text <p>Banking Competition Remedies (BCR) is the independent body established to implement the Royal Bank of Scotland (RBS) funded Alternative Remedies Package (the Package). BCR has sole responsibility for Package implementation, including responsibility for decisions on Capability and Innovation Fund (CIF) awards.</p><p> </p><p>Firm supervision is a matter for the independent regulators, in this case, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) which jointly regulate Metro Bank.</p> answering member printed Lord Bates grouped question UIN HL14737 HL14739 question first answered 03/04/2019 16:56:17 answering member 1091 label Biography information for Lord Bates
	tabling member	3869 label Biography information for Lord Myners

1092788

	registered interest
	date	21/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Metro Bank
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what action, if any, they intend to take as a result of the recent concerns raised by the Financial Conduct Authority and Prudential Regulation Authority in relation to Metro Bank and, in particular, that the bank may have provided inaccurate statements to investors.
	tabling member printed	Lord Myners
	uin	HL14739
	answer	answer is ministerial correction date of answer 03/04/2019 answer text <p>Banking Competition Remedies (BCR) is the independent body established to implement the Royal Bank of Scotland (RBS) funded Alternative Remedies Package (the Package). BCR has sole responsibility for Package implementation, including responsibility for decisions on Capability and Innovation Fund (CIF) awards.</p><p> </p><p>Firm supervision is a matter for the independent regulators, in this case, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) which jointly regulate Metro Bank.</p> answering member printed Lord Bates grouped question UIN HL14737 HL14738 question first answered 03/04/2019 16:56:17 answering member 1091 label Biography information for Lord Bates
	tabling member	3869 label Biography information for Lord Myners

1104664

	registered interest
	date	25/03/2019
	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	Arcadia Group: Pensions
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they have made any representations to, or met, the Pensions Regulator in the last three months in connection with Arcadia Group.
	tabling member printed	Lord Myners
	uin	HL14789
	answer	answer is ministerial correction date of answer 04/04/2019 answer text <p>The Pensions Regulator carries out its functions independently. The Department has not made any representations to the Pensions Regulator in relation to the Arcadia Group in the last three months.</p> answering member printed Baroness Buscombe question first answered 04/04/2019 16:46:09 answering member 3349 label Biography information for Baroness Buscombe
	tabling member	3869 label Biography information for Lord Myners