Financial institutions

This page highlights some of the current parliamentary material available on financial institutions. This includes select committee reports, briefing papers on current legislation and other subjects produced by the parliamentary research services, and the latest Early Day Motions put down by MPs. For the services provided by these institutions, see financial services.

Standard Notes

DateDescription
11.02.2013Banking executives' remuneration in the UK
This Note outlines some of the changes made to the structure, determination and publication of executive salaries, with particular reference to banks and other financial companies.
05.02.2013Equitable Life: compensation scheme
This note is designed to summarise the processes and principles behind the Equitable Life compensation scheme. It is designed to help constituents who wish to know what they might expect and what they have to do if they believe that they are due compensation.
24.01.2013Motor car insurance
This note outlines some of the reasons given for the substantial rise in motor insurance premiums experienced by many constituents in the last year.
04.01.2013The Independent Commission on Banking: The Vickers Report & the Parliamentary Commission on banking standards
This note summarises the main features proposed by the Vickers Commission to reform the UK banking market.
20.12.2012European banking union
This note brings together the main documents relevant to the debate on November 6th 2012 on proposals for a new, unified system of banking supervision proposed by the European Commission.

Research Papers

DateDescription
28.02.2013Financial Services (Banking Reform) Bill
This, latest, financial services reform legislation brings together the final proposals for how the banking sector will look going forward.
03.10.2012Enterprise and Regulatory Reform Bill: Committee Stage Report
This is a report on the Public Bill Committee Stage of the Enterprise and Regulatory Reform Bill. It is designed to complement the Research Paper Enterprise and Regulatory Reform Bill (RP 12/33), which covers in more detail the background to the Bill
03.07.2012Bank of England (Appointment of Governor) Bill
This Bill would make the appointment of the Governor of the Bank of England dependent upon the approval of the Treasury Select Committee.
22.06.2012Financial Services Bill [Bill 278 of 2010-12]
The focus of this Bill is to set up a new framework for financial regulation in the United Kingdom
07.06.2012Enterprise and Regulatory Reform Bill
The Enterprise and Regulatory Reform Bill introduces reforms in a number of areas.

Select Committee Reports

DateDescription
27.01.2012A new approach to financial regulation: securing stability, protecting consumers, including Annexes containing...
Government response. Treasury report [Commons]
19.01.2012Accountability of the Bank of England: response from the Court of the Bank of England to the twenty-first...
Government response. Treasury Select Committee report [Commons]
29.11.2011Final report of the Independent Commission on Banking.
Economic Affairs Select Committee (HL) report [Lords]
19.10.2011Accountability of the Bank of England.
Treasury Select Committee report [Commons]
18.10.2011Draft Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011:
Regulatory Reform Select Committee report [Commons]

Early Day Motions

DateDescription
20.12.2011UK UNCUT LEGAL ACTION
That this House supports UK Uncut Legal Action's initiative to challenge HM Revenue and Customs in the High Court so thatits alleged decision to let Goldman Sachs off its unpaid tax ...
14.12.2011FINANCIAL TRANSACTION TAX (No. 3)
That this House notes that the European Commission is desperate to save the Euro and is proposing a tax on financial transactions that would raise 50 billion a year; further notes that ...
01.12.2011GENERAL ANTI-AVOIDANCE RULE FOR TAXATION
That this House notes the widespread public concern about the extent of tax avoidance and evasion by individuals and corporations; further notes that while evasion is illegal, taxes ...
21.11.2011LEVEL OF INTEREST RATES ON LOANS
That this House notes that wonga.com is currently advertising a typical interest rate of 4214 per cent. and that this is not the only institution offering a similar service; further ...
07.11.2011BANK OF ENGLAND INFLATION POLICY
That this House notes the rising prices of resource commodities such as energy and food which have frustrated Bank of England inflation targeting and wider price stability; further ...

Lords Library Notes

DateDescription
09.11.2012Enterprise and Regulatory Reform Bill (HL Bill 45 of 2012-13)
The Enterprise and Regulatory Reform Bill includes measures for changes to competition policy, to employment law, and for reducing regulation, as well as provisions on the Green Investment Bank, directors' remuneration, copyright and planning. This Library Note provides background reading in advance of the Bill's second reading in the House of Lords.

Glossary

  • Research Papers (RP) - briefings produced by the House of Commons Library on Bills, topical issues and regular statistics
  • Standard Notes (SN) - shorter, topical briefings from the Commons Library
  • Early Day Motions (EDMs) - formal motions submitted by MPs in the House of Commons
  • POST Notes - short briefing notes produced by the Parliamentary Office of Science and Technology
  • Lords Library Notes (LLN) - an occasional series of papers compiled by the House of Lords Library