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1314148

registered interest
date	12/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Government Assistance
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether (1) HSBC, (2) Standard Charter, (3) Jardine Matheson, or (4) the Swire Group, have benefited from (a) the Coronavirus Job Retention Scheme, (b) the Recovery Loan Scheme, (c) the COVID-19 Corporate Financing Facility provided by the Bank of England, or (d) business rates relief.
tabling member printed	Lord Alton of Liverpool
uin	HL130
answer	answer is ministerial correction date of answer 26/05/2021 answer text <p>For claims since 1 December 2020, HMRC publishes information about employers who claim through the Coronavirus Job Retention Scheme (CJRS) on a monthly basis, on gov.uk.</p><p> </p><p>The Recovery Loan Scheme (RLS) launched on 6 April 2021 and is administered by the British Business Bank via a diverse network of accredited commercial lenders, of which HSBC are one.</p><p> </p><p>None of these firms are or have previously been listed in the Bank of England’s published data on firms with outstanding commercial paper in the COVID-19 Corporate Financing Facility (CCFF). This data is available on the Bank of England’s website.</p><p> </p><p>The Government has also provided business rates relief to eligible properties in the retail, hospitality and leisure sectors, and nurseries. It is for local authorities to determine eligibility for reliefs having regard to guidance issued by the Government. Central government does not hold any information on which businesses are in receipt of relief.</p> answering member printed Lord Agnew of Oulton question first answered 26/05/2021 15:15:53 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	738 label Biography information for Lord Alton of Liverpool

1314188

registered interest
date	12/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks
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 report by Monveo The Banks and the Fintechs: Creating Better Banking Together, published on 11 May; and what steps they are taking to encourage banks to partner with Fintech companies.
tabling member printed	Lord Taylor of Warwick
uin	HL197
answer	answer is ministerial correction date of answer 19/05/2021 answer text <p>The report highlights how collaboration between banks and fintechs can deliver a wide range of innovative products and services for consumers.</p><p> </p><p>The Government is committed to retaining the UK’s position at the global cutting edge of fintech. In line with this, the Government last year commissioned the independent Kalifa Review of UK Fintech; this Review was published in February and made important recommendations for the continued success of UK fintech; the Government has set out to Parliament the actions that it and the financial regulators are taking against these recommendations.</p><p> </p><p>The Kalifa Review highlighted the value of partnerships between banks and fintechs in both improving financial services for consumers, and supporting fintechs to scale. The Government recognises that combining the fintech sector’s strengths in innovation and agility, with the strengths of large financial services institutions, has the potential to deliver better products and services for a larger number of businesses and customers.</p><p> </p><p>That is why the Government has strongly supported initiatives such as the Fintech Pledge. The Pledge is the first initiative of its kind globally and is a commitment from signatory banks to provide increased transparency and guidance to support fintechs in navigating their onboarding processes. The Pledge has signatories from various leading financial services institutions, including the UK’s five largest banks.</p> answering member printed Lord Agnew of Oulton question first answered 19/05/2021 13:26:45 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1314206

registered interest
date	12/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies: Environment Protection
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what estimate they have made of the environmental impact of cryptocurrencies.
tabling member printed	Lord Mendelsohn
uin	HL178
answer	answer is ministerial correction date of answer 19/05/2021 answer text <p>The Government has been monitoring developments within the cryptoasset industry, including rising energy usage.</p><p>The Government has already taken action to ensure the UK is the world-leading centre for green finance including through announcing an intention to make disclosures aligned with the Taskforce on Climate-related Financial Disclosures (TCFD) fully mandatory across the economy by 2025, making the UK the first country to do so.</p><p>Additionally, the Government has committed to the implementation of a green taxonomy. This will allow us to accelerate our work towards a greener financial sector, by providing a common definition for environmentally sustainable economy activities.</p><p>The Government’s private finance objective for the upcoming COP26 climate change forum is to ensure that every professional financial decision takes climate change into account. The recovery from COVID-19 will determine the mitigation and adaptation pathways for decades to come.</p><p>The finance campaign will provide the conditions for a future that is genuinely greener, more resilient and more sustainable than the past. Action on finance underpins all the other COP campaigns: adaptation and resilience, energy transition, nature and zero-emission vehicles. Without the right levels of finance, the rest is not possible.</p><p>The Cryptoasset Taskforce, comprising HM Treasury, the Financial Conduct Authority, and the Bank of England, considers the impact of cryptoassets and assesses what, if any, regulation is required in response. The Government stands ready to respond to emerging risks or changes in the market and will continue to monitor developments in cryptoassets.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL175 question first answered 19/05/2021 13:28:15 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4286 label Biography information for Lord Mendelsohn

1314215

registered interest
date	12/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Kuflink
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government on what dates the tripartite meetings between the Financial Conduct Authority, directors of Kuflink Ltd and related entities, and their auditors took place; and what was discussed at each such meeting.
tabling member printed	Lord Sikka
uin	HL188
answer	answer is ministerial correction date of answer 26/05/2021 answer text This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the noble Lord by letter. A copy of the letter will be placed in the Library of the House. answering member printed Lord Agnew of Oulton question first answered 26/05/2021 15:16:33 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4885 label Biography information for Lord Sikka

1312579

registered interest
date	28/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money Laundering and Terrorist Financing (Amendment) (High Risk Countries) Regulations 2021
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they are reviewing the decision not to include Russia in Schedule 3ZA of High-Risk Third Countries in the Money Laundering and Terrorist Financing (Amendment) (High Risk Countries) Regulations 2021; and if not, why not.
tabling member printed	Lord Robathan
uin	HL15339
answer	answer is ministerial correction date of answer 29/04/2021 answer text <p>It has not proved possible to respond to this question in the time available before Prorogation. The Minister will write directly to the Member with a response shortly.</p><p> </p> answering member printed Lord Agnew of Oulton question first answered 29/04/2021 11:15:18 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	334 label Biography information for Lord Robathan

1312584

registered interest
date	28/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill: Administration
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 financial impact of the administration of (1) Greensill Capital (UK) Limited, and (2) Greensill Capital Management Company (UK) Limited, upon entities regulated and authorised by the (a) Financial Conduct Authority, and (b) Prudential Regulation Authority.
tabling member printed	Lord Sikka
uin	HL15344
answer	answer is ministerial correction date of answer 29/04/2021 answer text <p>It has not proved possible to respond to this question in the time available before Prorogation. The Minister will write directly to the Member with a response shortly.</p><p> </p> answering member printed Lord Agnew of Oulton question first answered 29/04/2021 11:15:09 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4885 label Biography information for Lord Sikka

1312586

registered interest
date	28/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Archegos Capital Management
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 financial impact of the collapse of Archegos Capital Management upon entities (1) regulated, and (2) authorised, by the (a) Financial Conduct Authority, and (b) Prudential Regulation Authority.
tabling member printed	Lord Sikka
uin	HL15346
answer	answer is ministerial correction date of answer 29/04/2021 answer text <p>It has not proved possible to respond to this question in the time available before Prorogation. The Minister will write directly to the Member with a response shortly.</p><p> </p> answering member printed Lord Agnew of Oulton question first answered 29/04/2021 11:15:14 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4885 label Biography information for Lord Sikka

1312499

registered interest
date	27/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Accountancy and Taxation: Professional Organisations
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 recommendation made by the Association of Accounting Technicians in its response, published on 6 August 2020, to the HM Revenue and Customs call for evidence on raising standards in the tax advice market, that anyone offering paid-for tax and accountancy services should be required by law to be a member of a relevant professional body.
tabling member printed	Lord Mendelsohn
uin	HL15302
answer	answer is ministerial correction date of answer 29/04/2021 answer text <p>The Government published a call for evidence on raising standards in the tax advice market in March 2020. This explored a range of options to raise standards, including requiring all tax advisers to belong to a professional body. Responses to the call for evidence, including the response from the Association of Accounting Technicians (AAT), were carefully considered. A summary of responses and the Government’s proposed next steps were published in November 2020.</p><p> </p><p>Many respondents to the call for evidence suggested requiring tax advisers to hold professional indemnity insurance (PII) could provide a baseline level of taxpayer protection. The Government is now consulting on the merits of requiring tax advisers to hold PII, including assessing the impacts of this requirement. The consultation closes on 15 June 2021.</p><p> </p><p>Any decisions resulting from the consultation will be announced at a future fiscal event.</p><p> </p> answering member printed Lord Agnew of Oulton grouped question UIN HL15303 HL15304 question first answered 29/04/2021 12:46:13 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4286 label Biography information for Lord Mendelsohn

1312500

registered interest
date	27/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Accountancy and Taxation: Professional Organisations
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 their recent proposals to require unregulated tax advisers and accountants to hold professional indemnity insurance on the insurance premiums for those who already hold such insurance by virtue of their membership of a relevant professional body.
tabling member printed	Lord Mendelsohn
uin	HL15303
answer	answer is ministerial correction date of answer 29/04/2021 answer text <p>The Government published a call for evidence on raising standards in the tax advice market in March 2020. This explored a range of options to raise standards, including requiring all tax advisers to belong to a professional body. Responses to the call for evidence, including the response from the Association of Accounting Technicians (AAT), were carefully considered. A summary of responses and the Government’s proposed next steps were published in November 2020.</p><p> </p><p>Many respondents to the call for evidence suggested requiring tax advisers to hold professional indemnity insurance (PII) could provide a baseline level of taxpayer protection. The Government is now consulting on the merits of requiring tax advisers to hold PII, including assessing the impacts of this requirement. The consultation closes on 15 June 2021.</p><p> </p><p>Any decisions resulting from the consultation will be announced at a future fiscal event.</p><p> </p> answering member printed Lord Agnew of Oulton grouped question UIN HL15302 HL15304 question first answered 29/04/2021 12:46:13 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4286 label Biography information for Lord Mendelsohn

1312501

registered interest
date	27/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money Laundering
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 desirability of requiring those who provide tax and accountancy services in the UK (1) to be appropriately qualified, (2) to undertake Continuing Professional Development, (3) to be subject to robust complaints and disciplinary processes, and (4) to be regulated by an Office for Professional Body Anti-Money Laundering Supervision-supervised professional body in relation to Anti-Money laundering activity; and whether they have any plans to implement any such requirements.
tabling member printed	Lord Mendelsohn
uin	HL15304
answer	answer is ministerial correction date of answer 29/04/2021 answer text <p>The Government published a call for evidence on raising standards in the tax advice market in March 2020. This explored a range of options to raise standards, including requiring all tax advisers to belong to a professional body. Responses to the call for evidence, including the response from the Association of Accounting Technicians (AAT), were carefully considered. A summary of responses and the Government’s proposed next steps were published in November 2020.</p><p> </p><p>Many respondents to the call for evidence suggested requiring tax advisers to hold professional indemnity insurance (PII) could provide a baseline level of taxpayer protection. The Government is now consulting on the merits of requiring tax advisers to hold PII, including assessing the impacts of this requirement. The consultation closes on 15 June 2021.</p><p> </p><p>Any decisions resulting from the consultation will be announced at a future fiscal event.</p><p> </p> answering member printed Lord Agnew of Oulton grouped question UIN HL15302 HL15303 question first answered 29/04/2021 12:46:13 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4286 label Biography information for Lord Mendelsohn