Proceeding contribution from Lord Darling of Roulanish (Labour) in the House of Commons on Tuesday, 19 February 2008. It occurred during Debate on bill and Committee of the Whole House (HC) on Banking (Special Provisions) Bill.
Banking (Special Provisions) Bill
That might be difficult. Shareholders are shareholders, and it is difficult to discriminate between one and another. What we want to do is to try and put in place a compensation scheme that allows as much fairness as possible, consistent with the problem that the bank had run out of money and is trading today only because of Government support. We hope that as it is restructured and refocused, it can recover its position. At this stage, in the absence of the business plan, we must wait and see what the new management proposes.
Secondary information
- Type
- Proceeding contribution
- Reference
- 472 c179
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Accountability Audit Banks Competition Building societies Bank of England Liability EU law Government assistance Financial Services Authority Economic situation Property transfer Mortgages Loans Staff Office of Fair Trading Nationalisation Regulation Stocks and shares Shareholders Takeovers Treasury Virgin Group Business plans Northern Rock Granite Sunset clauses
- Legislation
- Banking (Special Provisions) Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 22:56:35 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_446073
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_446073
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_446073