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Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Tuesday, 11 December 2007. It occurred during Debate on bill and Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].

Dormant Bank and Building Society Accounts Bill [HL]

That is just one of the other unsatisfactory elements of this. The Government are creating in the Bill a hybrid body but with a lack of clarity on where accountability really lies. The noble Lord, Lord Newby, raised a number of questions on governance and we will return to some of those in later amendments. This was a probing amendment on the need for a power of direction but it has indicated many areas where this scheme has built-in defects. We will not pursue that further today. We will return to the theme later today and possibly return to the issue at a later stage. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. Clause 5 agreed to.

Secondary information

Type
Proceeding contribution
Reference
697 c59GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Disclosure of information Compensation Databases Codes of practice Charities Companies Assets Bank services Banks Building societies Fraud Finance Financial Services Authority Private sector Lotteries Public bodies Registration Regulation Repayments Shareholders Big Lottery Fund Commission on Unclaimed Assets
Link
View this Proceeding contribution on www.publications.parliament.uk