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.

Commons Briefing Papers

DateDescription
12.02.2016EU exit: impact in key UK policy areas
If the UK left the EU, would UK citizens benefit? This would depend on how the Government filled any policy gaps left by withdrawal. In some areas, the environment, for example, where the UK is bound by other international agreements, much of the content of EU law would probably remain. In others, the government might decide to retain the substance of EU law, or to remove EU obligations from UK statutes. Much would also depend on whether the UK sought to remain in the European Economic Area and therefore continue to have access to the single market, or preferred to go it alone and negotiate bilateral agreements with the EU. This paper looks at the current situation in a range of policy areas and considers how it might change be if the UK left the EU.
28.01.2016Common Financial Services Questions
This Paper looks at a broad range of financial service and financial institution's issues.
28.01.2016The Bank of England and Financial Services Bill [HL]
This paper provides background and commentary on the Bank of England and Financial Services Bill which has its Second Reading in the House of Commons on 1 February 2016.
07.01.2016Financial 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.
30.12.2015Green Investment Bank
The Green Investment Bank was set up by the Government to stimulate investment in green technologie. This note includes details of its role and the Governments intention to privatise it.
01.12.2015Riot (Compensation) Bill
The riots in London and other cities in 2011 raised serious issues about insurance liability and compensation. This Bill is the response.
27.11.2015Riot (Damages) Bill
This Commons Library briefing paper has been archived.
05.11.2015Equitable 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.
02.11.2015Corporate Economic Crime
A forthcoming backbench business committee debate looks at corporate economic crime. This brief outlines the issues involved and highlights those responsible for prosecuting such crime. It includes links to further reading and resources.
04.08.2015The Big Society Bank/Capital and its role in society
This note sets out the establishment of the Big Society Bank and its emergence and connections to the dormant bank accounts legislation. It is now called the Big Society Capital Group.

Lords Library Notes

DateDescription
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].
28.11.2014Small Business, Enterprise and Employment Bill (HL Bill 57 of session 2014-15)
This Library Note provides background reading ahead of the Bill's second reading in the House of Lords on 2 December 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
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
27.01.2012A 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 ...

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