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]
Perhaps I may pick up on one aspect of the Minister’s response in relation to FSA regulation. Organisations that are subject to FSA regulation generally have rules about how much capital they have to keep. Is it intended that the reclaim fund will be capitalised with a level of prudential capital so that there is a shareholder-funds hit first, or will reclaimed money be reserved? That makes a difference to the view one takes on how secure the scheme is.
Secondary information
- Type
- Proceeding contribution
- Reference
- 697 c75GC
- 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
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- 2023-12-16 02:32:41 +0000
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