Speeches by Grady.

“It also follows, because the FCA is full of human beings, that that judgment may sometimes turn out to be less than ideal in retrospect and that some firms that were not supervised intensively could have done with a bit more intensive supervision. It also follows that the FCA does not guarantee that any firm is well ru…”

“From the point of view of a consumer in Shettleston, with that proportionality and risk-based approach, it must follow that some firms are monitored intensively and some firms not at all, or to a limited extent.”

“So the FCA may not be supervising that firm in any great detail at all?”

“The fact that I have the FCA label on my website does not mean that the FCA is supervising the firm intensively, does it?”

“Or the last, for that matter.”

“If I am sitting in Shettleston on a Friday night, I do not go looking at the FCA register.”

“That illustrates an interesting point, because you are looking at regulating this further. This is maybe a question for Ms Howard, and again please a nice short answer, because time is marching on. Do you think that consumers understand the precise role of the FCA? Just because a business is authorised by the FCA, for …”

“A brief comment, please.”

“Crypto, and just more generally. I am mindful of time, so we should keep the responses short, please.”

“Only on a Sunday morning. If I see on a website that a firm is authorised by the FCA, would you agree that it does not follow that the FCA endorses what that firm sells as a great product? Do you also agree that it does not follow that everything that that firm does is regulated by the FCA?”

“Thank you very much, Madam Deputy Speaker. As a Glasgow MP, I emphasise how important this Bill is for Scotland and Scotland’s economy. We have huge opportunities in the form of offshore wind and floating wind, but those opportunities depend on the development of transmission infrastructure in England. This Bill will h…”

“Do you think there is a difference between being an arm’s‑length private sector investor in property, so a REIT or a property investment trust, and being a public sector investor? Does it demand a different approach to environmental stewardship, investment risk and decision-making?”

“If you look at the balance sheet of the Crown Estate, looking towards that topic you have engaged, there is a fair amount of cash. There is property in Windsor, regional property and London property. Then you have your marine property. My understanding of it is that a lot of the revenue actually comes from the offshore…”

“Maybe 110. What about the other two things? Are there any other things you would want to cover?”

“Looking to the end of your first year at the Crown Estate, what would be the three things you would want to achieve?”

“Mr Lewis, as you are working out what the Crown Estate needs to do over the next wee while, to what extent will you be led by the chief executive, Mr Labbad? How much are you going to get your hands on that as a question?”

“2. What steps she is taking to help end discrimination against ethnic minority people.”

“Glasgow’s Muslim community is characterised by its kindness and public service. Last weekend, I visited my friends at the Hillview Islamic and education centre in Shettleston, and met the convenor of the Muslim Council of Scotland, Dr Muhammad Adrees. I heard about terrible incidents of anti-Muslim hatred and crimes in…”

“That is clear.”

“On that one, the Crown Estate invests a lot in net zero assets—offshore windfarms and things like that. It has a stake in them because it rents the seabed out to the operators. Is there a trade-off between protecting nature and biodiversity and pursuing net zero, in your experience?”