Financial services
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.
Standard Notes
| Date | Description |
|---|---|
| 02.08.2013 | Household Debt: Economic Indicators page |
| This Economics Indicator page gives the latest household debt statistics, including net lending, mortgage interest rates and insolvencies. | |
| 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. | |
| 17.07.2013 | Taxation of banking |
| This note looks at the public debate about reforming the tax treatment of the banking sector in the wake of the recent financial crisis, before discussing the different approaches taken by the Labour Government and its Coalition successor. | |
| 01.07.2013 | Child Trust Funds & Junior ISA transferability |
| Child Trust Funds and Junior Isa complaints | |
| 28.06.2013 | Flood insurance |
| This note outlines issues relating to flood insurance within the UK. |
Research Papers
| Date | Description |
|---|---|
| 10.07.2013 | High Cost Credit Bill |
| This is a Private Members Bill introduced by Paul Blomfield. | |
| 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 | |
| 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 |
|---|---|
| 27.03.2012 | Towards a financial transaction tax? European Union Select Committee (HL) twenty-ninth report. |
| European Union Select Committee (HL) report [Lords] | |
| 27.02.2012 | Financial Conduct Authority: report on the Government response. |
| Government response. Treasury Select Committee report [Commons] | |
| 27.01.2012 | A new approach to financial regulation: securing stability, protecting consumers, including Annexes containing... |
| Government response. Treasury report [Commons] | |
| 09.11.2011 | Future of cheques. |
| Government response. Treasury Select Committee; Treasury; Payments Council report [Commons] | |
| 18.07.2011 | Future of cheques. |
| Treasury Select Committee report [Commons] |
Early Day Motions
| Date | Description |
|---|---|
| 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 ... | |
| 05.12.2011 | BRISTOL 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 ... | |
| 30.11.2011 | MINIMUM 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 ... | |
| 29.11.2011 | FAREPAK 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 ... | |
| 21.11.2011 | 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 ... |
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. |
