Speeches by Grady.

“If we were to summarise this chapter of evidence, it is summed up by Professor Elmendorf’s phrase: you can take a horse to water. The difference between the Netherlands system and the US system or our system is that not only is a horse taken to water, but it must drink as part of that pre-election and post-election coa…”

“It is a pleasure to serve under your chairship, Sir Alec. Our relationship with the people and countries of the Commonwealth is something to be cherished and developed. The Commonwealth games in my city is an opportunity to do that. The regulations help enable the Commonwealth games to take place in Glasgow this year, …”

“Sam Woods told us that the objectives of the PRA are quite distinct and in some instances will pull in different directions, and that the separate status of the chief executive helps to protect the PRA. You have a role as a deputy governor of the Bank but also chief executive of the PRA. Do you see those roles ever com…”

“Maintaining independence also depends, to a large extent, on people’s personal behaviours, whatever the statute says—I say that as a recovering lawyer. From your own part, how would you see yourself dealing with maintaining that independence?”

“So if you came in front of this Committee, and you felt over the last six months that you had been put under inappropriate pressure that had not been resolved appropriately, you would be quite comfortable explaining that to the Committee and expressing your concerns.”

“It is, I am afraid. We have had a number of witnesses speak to us and explain their sense that the SWES is really good, but we need much better visibility of what is going on in private markets on the supervisory and regulatory scale. That probably takes legislation and international agreement, like we had following th…”

“Good transport is essential for economic growth, be it ferries to our wonderful islands, or their links from the west coast of Scotland to our airport, but after almost 20 years of the SNP, Glasgow is in gridlock. Workers worry about getting to work on time, which holds back business. Does my right hon. Friend agree th…”

“9. What steps he is taking with Cabinet colleagues to support economic growth in Scotland.”

“I welcome the Labour Government’s focus on knife crime. One courageous family in my constituency lost their beloved boy, Kory, who was stabbed to death by a 13-year-old boy. Kory’s family and I have asked the Scottish Government and Glasgow city council to confirm that the council has thoroughly reviewed all their deal…”

“That is helpful. Ms Highman, do you have a perspective on this issue?”

“We have had evidence that older people experiencing cognitive decline are not well captured by the strategy. Having looked after an older person myself, I can see that that could be the case. What is your perspective on that, Ms Highman?”

“I will start with Ms Undy on this question. It troubles me that people with mental health issues or a disability are suffering from economic abuse. These are cross-cutting themes, but do you think that, with them being cross-cutting, there is sufficient focus on the journey and how we help people in those situations as…”

“What about the culture in the Bank? Do you think everyone within the Bank is absolutely clear about the importance of keeping information confidential?”

“Are they professional auditors in IT security?”

“The cultural point is very important. Professor Taylor and Ms Greene, would you concur that the culture of the Bank is open from that perspective, as seen by people external to the Bank?”

“I am glad to hear you take it seriously, but my question was: are they as good as possible to prevent wrongful disclosure, and are you confident about that?”

“How often do you review your security systems, information security systems, and processes?”

“On the back of a Budget that tackled inflation by reducing it slightly, do you think there is more for Government to do in thinking about the impact of their policies on inflation, Governor?”

“Governor, people who work with the Bank or at the Bank have access to highly sensitive information that could be misused and wrongfully disclosed. Against that background, are you confident that the Bank’s systems and processes are as good as possible to prevent the wrongful disclosure of sensitive Bank information?”

“How about external validation? How often do you externally validate your processes, systems and everything else?”