Speeches by Grady.

“Ms Harrison, do you have anything to add on the Financial Inclusion Strategy?”

“I have a family member who works for a large building society.”

“There are lots of questions to ask of the Scottish Government, but I will give that campaign a miss.”

“That is a geographic thing; I understand that. Is that the main issue?”

“Mr Bland, we have dipped in and out of the common bond throughout the discussion this afternoon. Could you summarise in very short form the top three changes you would like to see to the common bond and what you think the two key benefits are? I am mindful we will have the Division bell soon.”

“It does not inherently, but do you think it leads people to follow in behind the guidance and not look for new ways of doing things?”

“Mr Jenkins, as someone who has had an illustrious career as a banker, would you share my concern that firms follow guidance, requirements and PRA expectations at the risk of innovation that may drive efficiencies and consumer benefit?”

“Yes. I have a family member who works for the Nationwide building society.”

“I have a concern that, when regulators publish guidance, firms follow it and do not opt for the innovative route. Ms Ngwenya, am I right to have that concern?”

“Turning to supervisory statements and statements of policy, on the website you say that these set out PRA expectations and policy on a particular matter. An expectation to me is an expectation that is to be followed. In your consultation CP11/25 on supervising building societies, et cetera, you say, “The PRA understand…”

“Related to US political risk, along with various other Central Bank governors you obviously signed a letter in connection with the criminal proceedings against the governor of the Federal Reserve. Would you like to outline what your concerns are about the criminal prosecution against the governor?”

“Governor, there have obviously been lots of developments over the last few days with Greenland, including the prospect of a potential invasion, further trade disruption and trade wars. How concerned are you about what is going on there and, more generally, US political risk and its risks to the financial stability of o…”

“While the focus at the minute is obviously on political developments with the US, there remain material concerns about China taking action against Taiwan: a blockade, an invasion or something else. Is the FPC satisfied that it has a firm grip on the risks in connection with such possibilities?”

“He won’t be here then.”

“I have a question for Ms Oakes and Mr Hall. Looking from the outside in, when it comes to private markets and NBFIs and all the rest of it, do you feel that the Bank has enough information and knowledge to correctly assess the financial stability risks arising from private markets?”

“Yes, of course, so it is not from a financial stability point.”

“We spent a lot of time at the beginning of this session talking about banks and the regulation of banks, but a big change over the last couple of decades has been the growth of these private markets. Given that they are 50% of the market, do you see this as being a task of some urgency?”

“While you would not expect them at the moment to have that understanding, do you think that we need to set about getting that type of understanding within the regulatory world of the Bank, the FCA and so on?”

“Does the hon. Gentleman accept that one of the key purposes of a consumption room is to reduce harm to people who would, in any event, consume the substances in question? In Glasgow, we have had significant problems with needle-borne viruses, infections and illness, so it is only morally right to help these people, as …”

“It is a pleasure to serve under your chairship, Mr Vickers. I congratulate my hon. Friend the Member for Glasgow West (Patricia Ferguson) on securing this important debate, and all the members of the Scottish Affairs Committee, for producing an excellent, conscientious and very serious report. Our starting point in the…”