Proceeding contribution from Lord Davies of Oldham (Labour) 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
The noble Lord has been with us through many long hours, so he will recognise that I have all along argued for the Bill on two very obvious grounds. First, there are general purposes which apply for 12 months and will lapse. They are general because they apply to any conceivable institution in the event of an emergency which we do not anticipate and can therefore in no way, shape or form identify but merely make prudential legislation for. Secondly, there are the issues raised by Northern Rock. But because the Bill has these general objectives it is certainly not hybrid.
Secondary information
- Type
- Proceeding contribution
- Reference
- 699 c345
- 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
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- 2023-12-15 23:47:13 +0000
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