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Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Tuesday, 20 May 2008. It occurred during Debates on delegated legislation on Building Societies (Financial Assistance) Order 2008.


Building Societies (Financial Assistance) Order 2008

I thank the Minister for giving way. He is being very interesting on the subject of the next banking reform Bill. May I take him through the timing? The powers in the 2008 Act relating to a failing bank expire on 21 February 2009. That is why everyone believed that the next Bill to replace the special provisions on a longer-term basis would be introduced before the beginning of the next Session, because in practical terms, especially given the likely timing of the Queen’s Speech, it is not possible to get through such a potentially contentious Act—it is certainly significant—any other way. Will the Minister clarify when the legislation is expected to see the light of day?


Secondary information

Type
Proceeding contribution
Reference
701 c506-7GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Building societies Bank of England Finance Insolvency Government assistance
Legislation
Building Societies (Financial Assistance) Order 2008
Link
View this Proceeding contribution on www.publications.parliament.uk