Brexit: The Future of Financial Regulation and Supervision (European Union Committee Report) - Motion to Take Note

Part of the debate – in the House of Lords am 6:58 pm ar 6 Mehefin 2018.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Lord Bates Lord Bates The Minister of State, Department for International Development 6:58, 6 Mehefin 2018

My Lords, I join other noble Lords in paying tribute to the noble Baroness, Lady Falkner, for this report. I came in, having read the report, thinking that it was an outstanding piece of research and teamwork, that the level of support that had been secured was outstanding and that its conclusions were clear, as were its questions. As the Economic Secretary, John Glen, made clear in his 18-page response to the report on 19 April, it has been extremely helpful. However, when I heard what I will call the varying views of the committee that have been articulated during the course of this debate, I grew in admiration for the noble Baroness and the way in which she had managed to corral these views into such a concise and clear report.

I am also conscious that this is the second report that the sub-committee has produced on this issue. I was delighted that my noble friend Lady Neville-Rolfe was able to take part in this debate, because she responded to the debate on the previous report in February last year. I am not sure whether the analogy should be poacher cum gamekeeper or gamekeeper cum poacher—