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
| Date | Description |
|---|---|
| 31.07.2013 | Equitable 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. | |
| 04.06.2013 | Banking 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. | |
| 02.05.2013 | LIBOR, Public Inquiries & FSA Disciplinary Powers |
| This note summarises some of the key points relating to the LIBOR scandal. It looks at issues surrounding public inquiries and at the role and limitations of the FSA's/FCA's disciplinary powers. | |
| 24.01.2013 | Motor 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. | |
| 04.01.2013 | The 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. |
Research Papers
| Date | Description |
|---|---|
| 25.06.2013 | Financial Services (Banking Reform) Bill: Committee Stage Report |
| This Bill follows a series of Acts passed since the financial crisis of 2008. Whereas other Acts established a new regulatory framework, this Bill sets out a new 'architecture' of the institutions themselves. | |
| 28.02.2013 | Financial Services (Banking Reform) Bill |
| This, latest, financial services reform legislation brings together the final proposals for how the banking sector will look going forward. | |
| 03.10.2012 | Enterprise 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 | |
| 03.07.2012 | Bank 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. | |
| 22.06.2012 | Financial 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 |
Select Committee Reports
| Date | Description |
|---|---|
| 27.01.2012 | A new approach to financial regulation: securing stability, protecting consumers, including Annexes containing... |
| Government response. Treasury report [Commons] | |
| 19.01.2012 | Accountability 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] | |
| 29.11.2011 | Final report of the Independent Commission on Banking. |
| Economic Affairs Select Committee (HL) report [Lords] | |
| 19.10.2011 | Accountability of the Bank of England. |
| Treasury Select Committee report [Commons] | |
| 18.10.2011 | Draft Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011: |
| Regulatory Reform Select Committee report [Commons] |
Early Day Motions
| Date | Description |
|---|---|
| 20.12.2011 | UK 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 ... | |
| 14.12.2011 | FINANCIAL 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 ... | |
| 01.12.2011 | GENERAL 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 ... | |
| 21.11.2011 | LEVEL 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 ... | |
| 07.11.2011 | BANK 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
| Date | Description |
|---|---|
| 19.07.2013 | Financial 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. | |
| 09.11.2012 | Enterprise 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. |
