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Proceeding contribution from Lord Roberts of Conwy (Conservative) in the House of Lords on Thursday, 21 February 2008. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking (Special Provisions) Bill.


Banking (Special Provisions) Bill

Will the noble Lord clear up one point for me? He is very anxious to stress the irrelevance of the subsidiary company, but is it not possible that there could be a repurchase of the mortgages already given to the subsidiary company, the Jersey-based company, in which case that repurchase would have to be done by Northern Rock? Therefore, it would come under the Treasury guarantees.


Secondary information

Type
Proceeding contribution
Reference
699 c293 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Compensation Audit Administration Corporation tax Banks Competition Building societies Freedom of information Liability EU law Government assistance Financial Services Authority Powers Property transfer Mortgages Loans Staff Office of Fair Trading Nationalisation Lloyds TSB Shares Reform Taxation Shareholders Takeovers Treasury Hybrid bills Business plans Northern Rock Granite
Legislation
Banking (Special Provisions) Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk