UK: Financial Services (Banking Reform) Bill - report stage today in the House of Lords

The Financial Services (Banking Reform) Bill begins its report stage in the House of Lords today. The amendments tabled for consideration are available here and here. These include proposed new clauses, including one requiring the regulator to raise standards of professionalism in financial services by mandating a licensing regime based on training and competence; another new clause would impose a duty on authorised persons with regard to employees' compliance with rules of conduct.