Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Tuesday, 10 July 2007. It occurred during Committee of the Whole House (HL) and Debate on bill on Building Societies (Funding) and Mutual Societies (Transfers) Bill.
Building Societies (Funding) and Mutual Societies (Transfers) Bill
I completely understand where my noble friend is coming from, but I am a firm believer in fee structures being reflective of costs so that there are not cross-subsidies between different parts of the sector that is regulated by the Financial Services Authority. I understand that there may in some cases be public policy reasons for cross-subsidy, but I do not think that we should offer a blanket encouragement at this stage of our proceedings for such cross-subsidy.
Secondary information
- Type
- Proceeding contribution
- Reference
- 693 c1361
- Session
- 2006-07
- Chamber / Committee
- House of Lords chamber
- Subjects
- Building societies Finance Fees and charges Insolvency Financial Services Authority Powers Mutual societies
- Legislation
- Building Societies (Funding) and Mutual Societies (Transfers) Bill 2006-07
- Financial Mutuals Arrangements Bill 2006-07
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 11:25:30 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_409343
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