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Proceeding contribution from Lord Hamilton of Epsom (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]

Would the Minister agree that it is unlikely that a building society or bank would transfer to the reclaim fund 100 per cent of what they thought was viable? There would still be a remnant that it was processing, and it may well be that if it had a late claim it might be able to match off the remnants with the late claim so that there would not be recourse to the reclaim fund.

Secondary information

Type
Proceeding contribution
Reference
697 c65GC 
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