Financial services

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Content published before December 2016

This page highlights some of the current parliamentary material available on financial services. 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 information on banks and other institutions, see financial institutions.

Commons Briefing Papers

DateDescription
11.11.2016Household Debt: Key Economic Indicators
Household debt: Data on the latest household debt statistics, including net lending, mortgage interest rates and insolvencies.
10.11.2016Savings (Government Contributions) Bill - debates in Parliament
Covers debates in Parliament on the legislation to introduce the Lifetime ISA and Help to Save Accounts announced in Budget 2016
01.11.2016Brexit and financial services
This Commons Library briefing paper brings together responses from financial organisations about the impact of the vote to leave the EU,. The vote to leave the EU has significant implications for the financial services sector, an economic sector which is critical to the UK economy. The degree of inter-linkage between the 'City' and the EU economies is substantial economically speaking and intricate in terms of the legislative interface.
21.10.2016Commons Library Analysis of the Criminal Finances Bill (Bill 75 of 2016-17)
This Briefing Paper has been prepared for the second reading debate of the Criminal Finances Bill on 25 October 2016. The Bill aims to improve the Government's ability to target the revenue generated by organised crime.
17.10.2016Savings (Government Contributions) Bill
Library briefing for Second Reading debate on 17 October 2016
31.08.2016Household debt: statistics and impact on economy
Latest statistics and forecasts for household debt in the UK and international comparisons. There is also a guide explaining how to understand and interpret household debt statistics and a summary of research looking at its effects on the economy.
26.08.2016Brexit: impact across policy areas
This Commons Library briefing paper looks at the current situation in a range of policy areas and considers what impact Brexit might have. This will depend, among other things, on the Brexit negotiations, whether the UK stays in the European Economic Area and how the Government fills any policy gaps left by withdrawal.
25.08.2016Common Financial Services Questions
This Paper looks at a broad range of financial service and financial institution's issues.
30.06.2016Financial Services: European aspects
This Paper brings together recent European Union legislative and regulatory developments in the sphere of financial or corporate regulation. It provides relevant UK context and activity. It also includes a checklist of EU regulations currently being implemented across the EU with links to further information or explanation.
27.06.2016Local government in England: capital finance
An introduction to capital finance and borrowing by local authorities in England, including details on the Public Works Loan Board, bonds, and tax increment financing.

Lords Library Notes

DateDescription
12.05.2016Queen's Speech 2016 Day 4: Economic Affairs, Energy, Environment, Local Government and Transport
The House of Lords is due to debate the Queen's Speech over four days between 19 and 25 May 2016. This briefing is one of four prepared by the House of Lords Library to cover the themes of each day of debate.
22.10.2015Bank of England and Financial Services Bill [HL] (HL Bill 65 of 2015-16)
This Library Note provides information in support of the House of Lords consideration of the Bank of England and Financial Services Bill [HL].
15.08.2014The Impact of Personal Indebtedness in United Kingdom Households, Especially on Children
This Library Note was prepared for a debate in the House of Lords on the impact of personal indebtedness in UK households, especially on children, which was scheduled to take place on 17 July 2014, but was postponed to a future date.
06.02.2014Immigration Bill (HL Bill 84 of 2013-14)
This Library Note provides information on the Immigration Bill, which is due for second reading in the House of Lords on 10 February 2014.
19.07.2013Financial Services (Banking Reform) Bill
The Financial Services (Banking Reform) Bill seeks to make a number of changes to the banking and financial services sector. The Bill builds on the recommendations of the Independent Commission on Banking (the Vickers Commission) and the Parliamentary Commission on Banking Standards and follows a series of Acts passed since the financial crisis of 2008, such as the Financial Services Act 2012.
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.

POSTnotes

DateDescription
24.05.2016Financial Technology (FinTech)
Financial Technology (FinTech) describes the application of digital technology to financial services. This POSTnote reviews how and why FinTech is being used, and the benefits and challenges it presents to the UK.
15.07.2014Big Data and Business
POSTnote exploring how big data is being used by UK companies and the challenges and opportunities it presents.

Select Committee Reports

DateDescription
27.03.2012Towards a financial transaction tax? European Union Select Committee (HL) twenty-ninth report.
European Union Select Committee (HL) report [Lords]
27.02.2012Financial Conduct Authority: report on the Government response.
Government response. Treasury Select Committee report [Commons]
27.01.2012A new approach to financial regulation: securing stability, protecting consumers, including Annexes containing...
Government response. Treasury report [Commons]
09.11.2011Future of cheques.
Government response. Treasury Select Committee; Treasury; Payments Council report [Commons]
18.07.2011Future of cheques.
Treasury Select Committee report [Commons]

Early Day Motions

DateDescription
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 ...
05.12.2011BRISTOL AND WEST BOND-HOLDERS
That this House notes that English investors who took out Bristol andWest permanent interest-bearing shares did so inthe belief that these shares wouldbe treated underEnglish law; regrets ...
30.11.2011MINIMUM STANDARDS FOR FINANCIAL PRODUCTS
That this House welcomes the product intervention powers proposed in the draft Financial Services Bill, which will allow the Financial Conduct Authority to remove financial products ...
29.11.2011FAREPAK COMPENSATION
That this House regrets that the victims of the failed Christmas hamper and savings company Farepak have not yet received compensation following the company's liquidation in October ...
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 ...

Glossary

  • Commons Briefing Papers (CBP) Papers providing in-depth and impartial analysis on every major piece of primary legislation and on other topics of public and parliamentary concern. Regular statistics papers are also published.
  • Early Day Motions (EDMs) - formal motions submitted by MPs in the House of Commons
  • POSTnotes (POST PN) - proactive four-page policy briefings from the Parliamentary Office of Science and Technology based on reviews of the research literature, interviews with stakeholders and peer review, commissioned by the POST Board
  • Lords Library Notes (LLN) - authored publications by the research section of the House of Lords Library that provide analysis of Bills, subjects for debate in the House and other issues of interest to Members.
  • Select Committee Reports - papers produced by all select committees of both Houses