Speeches by Rigby.

“It will, as the PSR moves into the FCA. You are right that we have not brought forward the legislation in relation to it yet.”

“A high proportion of FS firms do actually have a single person who is responsible for AI. Some do not and some do, but you do not need that, from the point of view of a regulatory framework, to ensure that there is someone who is responsible, because senior managers are responsible for the outcomes in the way that we h…”

“It is not necessary from the point of view of ensuring that there is someone within financial services firms who is responsible for the use of AI. In the regulation as it stands, there is nothing to stop additional categories being added.”

“No, no—not at all. You raised the Consumer Credit Act. We will come forward with a financial services Bill, and that Bill will have an awful lot of content, not least because, as I said, there are 63 things in the strategy that we need to drive forward.”

“I know that you are aware that the Government have a target across the board of cutting regulation by 25%. There are specific ways in which that target is being realised. For example, in the senior managers regime, we have said that we want to reduce that burden by 50%. I can talk more about the reporting requirements …”

“The Chancellor has been clear that the ringfence will continue to exist, but that she wants the change that stems from the review to be meaningful. She set out a range of ways in which that change could be meaningful, including services being offered by both the investment and the retail banks. But the review is the re…”

“For ringfencing as a whole?”

“Madam Deputy Speaker, I am afraid that I am being interrupted. We are a Government who are building houses, including in areas of the country that the shadow Secretary of State has previously described in rather unparliamentary language. We are a Government who support working people with new jobs, higher wages and new…”

“I thank all hon. and right hon. Members who have contributed to the debate. I especially thank the Chief Secretary to the Treasury, my right hon. Friend the Member for Ealing North (James Murray) for his speech at the start, and the shadow Chancellor, the right hon. Member for Central Devon (Sir Mel Stride) for bringin…”

“I will make some progress. That is the Conservatives’ pitch to the British public—reckless with our public finances, reckless with our public services and reckless with the future of this country. Conservative Members are competing to say how sad and angry they are about this tax. They will be furious when they find ou…”

“Thank you, Madam Deputy Speaker. The motion is proof that the Conservatives have learned none of the lessons of their catastrophic mini-Budget or of the years of the punishing austerity that was inflicted on the people and institutions of this country, with nothing whatsoever to show for it but soaring debt, low produc…”

“It is a tax, so obviously I do not love it, but what I find extraordinary is the Conservative party’s new-found hatred of taxation when they increased taxes 25 times in the last Parliament. As I said, we heard from various hon. Members about their objections to this tax. I will not engage on the points made about the B…”

“I assure him that the houses will be beautiful and that we will build 1.5 million of them over the course of this Parliament. There was a brief reference to Nirvana from the Conservative Benches before a descent back into half-baked and unfunded plans, to which we on the Government Benches thought, “Well, Nevermind.””

“Thank you. I was pleased to hear the Liberal Democrats spokesman, the hon. Member for St Albans (Daisy Cooper), and others in the party say that they will oppose the motion. I wholeheartedly agree with her that it is fundamentally flawed. To be clear, we are a Government of fiscal responsibility. Our steadfast commitme…”

“I beg to move, That the Committee has considered the draft Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025. It is a pleasure to serve under your chairmanship, Mr Mundell. The regulations will implement commitments made by the UK under the Berne financial services ag…”

“It is a pleasure to serve under your chairmanship, Dr Huq. I thank my hon. Friend the Member for Glasgow North (Martin Rhodes) for securing this important debate and for giving me the opportunity to discuss a topic that is integral to the ability of his constituents, my constituents and all our constituents to particip…”

“I beg to move, That the Committee has considered the draft Financial Services (Overseas Recognition Regime Designations) Regulations 2025. It is a pleasure to serve under your chairmanship, Sir Roger. The draft regulations before the Committee support the Government in their operation of overseas recognition regimes. S…”

“I am happy to confirm to my hon. Friend that we have had those discussions. I hope he will see the evidence of those discussions when the strategy is published, and I hope he will see them in a positive light. I will now address the Government’s position on banking hub services and branch closures, in response to some …”

“I am more than happy to meet my hon. Friend to discuss those issues. I said at the outset that the financial inclusion strategy is considering cross-cutting themes. The issue of credit rating agencies has come across my desk outside the scope of the strategy, in relation to economic abuse. As he knows, there are seriou…”

“I am grateful for the lecture, but I note that it was the Conservatives who introduced the bank levy. The Government are committed to responsibly promoting the growth and competitiveness of the sector, and of course we keep the bank tax regime under review.”