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1314208

registered interest
date	12/05/2021
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	Greensill: Coronavirus Business Interruption Loan Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to their obligations under the European Commission's State Aid Transparency Award Module, whether they plan to publish details of (1) the identity of borrowers, (2) the amounts advanced, and (3) the date of the advances from Greensill Capital, made under the Coronavirus Business Interruption Loan Scheme; and if not, why not.
tabling member printed	Lord Myners
uin	HL180
answer	answer is ministerial correction date of answer 26/05/2021 answer text <p>Details of facilities made available under the Coronavirus Business Interruption Loan Scheme will be published where required on the European Commission’s Transparency Aid Module. Further information can be found on the British Business Bank’s website.</p> answering member printed Lord Callanan question first answered 26/05/2021 15:27:41 answering member 4336 label Biography information for Lord Callanan
tabling member	3869 label Biography information for Lord Myners

1307480

registered interest
date	12/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Directors
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to review the statutory (1) role, and (2) responsibilities, of authorised corporate directors following the performance of Link Financial Solutions in the collapse of Woodford Investments.
tabling member printed	Lord Myners
uin	HL14793
answer	answer is ministerial correction date of answer 26/04/2021 answer text <p>The Government is committed to ensuring that the UK has a robust framework for financial regulation and that consumers are treated fairly. The FCA is responsible for overseeing the conduct standards of financial services firms. <br> <br> The Government does not currently have plans to review the statutory role of authorised corporate directors (ACDs). However, the FCA is currently reviewing how effectively responsibilities are undertaken by ‘host’ ACDs – which are ACDs outside the group structure of the delegate investment manager. The FCA expects to complete this work in the first half of this year.</p> answering member printed Lord Agnew of Oulton question first answered 26/04/2021 13:11:27 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1307567

registered interest
date	12/04/2021
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Afiniti
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they have any records of the Rt Hon David Cameron (1) contacting, or (2) arranging meetings with, (a) ministers, or (b) senior civil servants, over the last three years, in connection with Afiniti Limited.
tabling member printed	Lord Myners
uin	HL14798
answer	answer is ministerial correction date of answer 29/04/2021 answer text <p>Ministers and permanent secretaries’ meetings on official government business with external organisations are published on a quarterly basis and are made available on <a href="http://gov.uk/" target="_blank">GOV.UK</a>.</p><p> </p> answering member printed Lord True question first answered 29/04/2021 11:13:08 answering member 4200 label Biography information for Lord True
tabling member	3869 label Biography information for Lord Myners

1303139

registered interest
date	16/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill and SoftBank
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether (1) ministers, or (2) senior civil servants, have met either (a) Mr Lex Greensill, or (b) representatives of Greensill Capital or SoftBank, since 1 January; and if so, (i) who attended the meeting, and (ii) on what dates were the meetings held.
tabling member printed	Lord Myners
uin	HL14286
answer	answer is ministerial correction date of answer 30/03/2021 answer text <p>Senior civil servants and ministers routinely meet and correspond with a range of private sector stakeholders. Transparency releases are published on a quarterly basis, and are currently publicly available for Senior Official and Ministerial meetings up to and including September 2020, which is in line with normal reporting timelines on disclosures.</p> answering member printed Lord Agnew of Oulton question first answered 30/03/2021 12:44:35 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1303140

registered interest
date	16/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what role the (1) Financial Conduct Authority, and (2) Prudential Regulation Authority, played in granting regulatory approval for Greensill Capital or its associates; and whether they advised BaFin in connection with the acquisition of Greensill Bank in Germany.
tabling member printed	Lord Myners
uin	HL14287
answer	answer is ministerial correction date of answer 30/03/2021 answer text <p>Greensill Capital (UK) Limited was not authorised by the FCA. It was a registered entity under the Money Laundering Regulations, which means that it was subject to FCA regulation only for compliance with Anti-Money Laundering rules, not for wider conduct issues. Greensill Capital Securities Ltd was an Appointed Representative of an FCA-regulated firm, under whose supervision it could conduct some regulated activities. However, it was not itself supervised or authorised by the FCA. Greensill Capital Securities Ltd is no longer an Appointed Representative.</p><p> </p><p>At no time has the Bank of England authorised or supervised Greensill Bank AG, Greensill Capital (UK) Limited or any member of their group.</p><p> </p><p>The UK Financial Authorities were not involved in the acquisition of Greensill Bank AG by Greensill Capital PTY in 2014.</p> answering member printed Lord Agnew of Oulton question first answered 30/03/2021 09:31:40 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1256461

registered interest
date	30/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they completed an economic impact assessment for the reintroduction of the Crown preference for insolvency.
tabling member printed	Lord Myners
uin	HL10898
answer	answer is ministerial correction date of answer 14/12/2020 answer text <p>The Government’s reforms to make HMRC a secondary preferential creditor for certain tax debts (otherwise known as Protecting Your Taxes in Insolvency) came into effect across the UK on 1 December 2020.</p><p> </p><p>The Government has taken a proportionate approach, applying changes only to taxes paid in good faith by employees and customers, but held temporarily by the business, including Pay as You Earn (PAYE) Income Tax and VAT. The reforms do not reintroduce crown preference, which applied more broadly across all tax debts.</p><p> </p><p>The Government undertook careful work to assess the impact of the reforms ahead of announcement and implementation. As with all tax policy changes, the Government published this assessment in a tax information and impact note which can be found on gov.uk.[1]</p><p> </p><p>[1] Full web-link: <a href="https://www.gov.uk/government/publications/changes-to-protect-tax-in-insolvency-cases" target="_blank">https://www.gov.uk/government/publications/changes-to-protect-tax-in-insolvency-cases</a>.</p> answering member printed Lord Agnew of Oulton question first answered 14/12/2020 17:14:31 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1252985

registered interest
date	17/11/2020
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	Coronavirus: Vaccination
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to their announcement that they have secured five million doses of Moderna's COVID-19 vaccine, whether that contract has any conditions relating (1) to the number of doses, and (2) to the date of delivery; and whether there are any material conditions that could affect availability of that vaccine.
tabling member printed	Lord Myners
uin	HL10437
answer	answer is ministerial correction date of answer 01/12/2020 answer text <p>We are not able to disclose details of this agreement because of the commercially confidential nature of the contracts between the Government and vaccine manufacturers while commercial negotiations are ongoing.</p> answering member printed Lord Callanan question first answered 01/12/2020 16:57:10 answering member 4336 label Biography information for Lord Callanan
tabling member	3869 label Biography information for Lord Myners

1248046

registered interest
date	02/11/2020
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	Coronavirus Business Interruption Loan Scheme
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is the total value of Coronavirus Business Interruption Loans that (1) have interest rates set at the maximum permitted rate of 14.99 per cent per annum, (2) have interest rates set at 10.00 per cent per annum or more, and (3) have arrangement fees of more than 3.00 per cent per annum; and whether they meet or guarantee to the lending institutions all or part of these rates for the time the loan is outstanding.
tabling member printed	Lord Myners
uin	HL9859
answer	answer is ministerial correction date of answer 16/11/2020 answer text <p>The interest rate charged on a Coronavirus Business Interruption Loans (CBILS) facility varies in line with the lender’s own policies, as would be the case with any commercial facility.</p><p> </p><p>(1) The total value of drawn down CBILS facilities where interest is set at 14.99 per cent or higher<em>[1]</em> per annum is £15,391,560.</p><p>(2) The total value of drawn down CBILS facilities where interest is set at 10.00 per cent or higher is £183,522,119.</p><p>(3) The total value of drawn down CBILS facilities with arrangement fees greater than or equal to 3.00 per cent per annum is £323,923,395.</p><p> </p><p>All figures correct as of 30 September 2020.</p><p>The Government cover the first 12 months of interest payments and lender-levied charges on behalf of CBILS borrowers. The Guarantee covers lenders for the principal only.</p><p> </p><p> </p><p> </p><p><em>[1] Some delivery partners accredited before the 14.99% maximum was in place can issue CBILS facilities with interest rates above 14.99%.</em></p><p> </p> answering member printed Lord Callanan question first answered 16/11/2020 17:04:30 answering member 4336 label Biography information for Lord Callanan
tabling member	3869 label Biography information for Lord Myners

1241496

registered interest
date	07/10/2020
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	Bounce Back Loan Scheme: Fraud
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the recovery of loans under the Bounce Back Loan Scheme considered fraudulent is the responsibility of lending banks or the Government.
tabling member printed	Lord Myners
uin	HL8879
answer	answer is ministerial correction date of answer 21/10/2020 answer text <p>Lenders are expected to pursue appropriate recovery processes including in relation to fraudulently obtained loans under the Bounce Back Loan Scheme, in line with their existing standards. The Government will be providing further guidance to lenders on this.</p><p> </p><p>The Government will also consider other appropriate mechanisms to recover fraudulently obtained funds as required.</p> answering member printed Lord Callanan question first answered 21/10/2020 15:55:46 answering member 4336 label Biography information for Lord Callanan
tabling member	3869 label Biography information for Lord Myners

1241497

registered interest
date	07/10/2020
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	Bounce Back Loan Scheme: Fraud
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what advice they received, if any, from officials on (1) the percentage by number, and (2) the value, of loans received under the Bounce Back Loan Scheme estimated to be fraudulent.
tabling member printed	Lord Myners
uin	HL8880
answer	answer is ministerial correction date of answer 21/10/2020 answer text <p>As part of the Bounce Back Loan Scheme application process lenders undertake fraud checks, including Know Your Customer and Anti Money-Laundering checks as required. In addition, the application form is clear – any individual who knowingly provides false information is at risk of criminal prosecution. We are working across Departments, and with lenders and law enforcement agencies, to tackle fraudulent abuse of the scheme.</p><p> </p><p>Details of how we expect BBLS to perform are set out in our accounts for 2019-20, a copy of which has been placed in the Libraries of the House. At this early stage, such estimates are naturally highly uncertain as reflected in the explanatory notes of the Accounts.</p> answering member printed Lord Callanan question first answered 21/10/2020 15:55:15 answering member 4336 label Biography information for Lord Callanan
tabling member	3869 label Biography information for Lord Myners