Proceeding contribution from Lord Newby (Liberal Democrat) in the House of Lords on Thursday, 10 January 2008. 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]
We support the amendment very strongly. Our view is that the scheme is at best a hybrid scheme. It certainly has a significant statutory element to it, so Parliament should be scrutinising it rigorously on a regular basis. The proposal in this amendment provides a peg on which to hang parliamentary scrutiny of how the reclaim fund is operating. The specific elements of the amendment are self-explanatory and sensible, and we hope that the Government will agree with us, in the spirit that the Minister operated under a few minutes ago, and signify some support for it.
Secondary information
- Type
- Proceeding contribution
- Reference
- 697 c365GC
- Session
- 2007-08
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Disclosure of information Codes of practice Assets Bank services Banks Building societies Fraud Education Environment Interest charges Lotteries Young people Repayments Big Lottery Fund Information Commissioner's Office Olympic Games 2012
- Legislation
- Dormant Bank and Building Society Accounts Bill (HL) 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 02:27:15 +0000
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