Speeches by Yang.

“rose—”

“I will finish now. In conclusion, I am proud to talk about businesses and the real issues on their agenda, and I do not see those reflected in the Conservative party’s Opposition day motion.”

“I hope that this Government will continue to make progress on living standards, and on growth that benefits all parts of our economy.”

“No, thanks; I am about to draw to a close. Young people are the future, and they need a rise in their wages because of the living standards crisis that we face across this country. The University of Reading employs those young people and is a source of education for them. As an employer, it sees that it is better if al…”

“Yes.”

“I thank the hon. Member for giving way and apologise for not being louder. I wonder if he has a source of data on the so-called exodus that does not come from a firm that gives advice to the very wealthy to migrate abroad, and which therefore has a great economic interest in propagating such figures.”

“Mr Stuart, congratulations on your recent appointment to HSBC Holdings as a group director. I hope that you can convey to your new colleagues in HSBC Holdings how deeply concerned I and many Committee members are about the ongoing withholding of pension payments to Hong Kong BNO nationals who are now settling in the UK…”

“I think my colleague, Mr Dean, is about to come in on that.”

“Mr Nunn, your accounts last year show that you have set aside £450 million in potential compensation provision for the impact of the FCA review. I just want you to clarify one point, because I am sure that some of my constituents who are listening, who may have been caught up in this, will be really surprised to hear w…”

“I am going to ask about first-time buyers. As we know, the number of first-time buyer mortgages has been at a 10-year low, and home ownership among young people, in particular, is extremely low. Recently, the FCA reminded banks of the flexibility they have in administering their stress tests and affordability tests. Ma…”

“When we last discussed this issue with the FCA, it was concerned about the potential for over-leveraging first-time buyers, and repossessions that might result from that. Does anyone on the panel have a view about the balance that should be taken in the ongoing mortgage consultation?”

“Even before things started to go wrong, would you expect to declare your model and data at the beginning?”

“Is there any disagreement on the panel with that view, Ms Mackintosh or Mr Luther?”

“The models today—it seems that, in response to something happening or triggering an alert for a particular firm, the regulator goes in and looks. Do you see a move to a pre-warning system where the regulator has much more awareness of the models being used as opposed to the current problem-solving approach that goes in…”

“Thank you. Finally, Mr Luther?”

“Thank you, Ms Mackintosh. Can I speak directly to the conversations that your members are having about the risks of bias in AI? What concerns are they raising?”

“I would like to ask the panel about the interaction between AI and consumers. In particular, I am thinking about the impact on consumers of AI being used in ways that inform the decision to grant certain services and the price and the conditions on which those services are granted and the spectre of bias. We have had s…”

“Thank you very much. Ms Mackintosh mentioned there is a behind the scenes nature of these new models. One of the concerns that academics expressed in their feedback to us was about the transparency of these models. I think in particular of a 2019 case from the Dutch tax collection authority, which was a huge scandal on…”

“When it is difficult, as in most cases, for a human to explain how a model arrived at the output that it has arrived at, in those cases do you see an argument for sharing the underlying data, the underlying model itself and even source code with regulators, Mr Otudeko?”

“T1. If he will make a statement on his departmental responsibilities.”