Proceeding contribution from Lord Tyrie (Conservative) in the House of Commons on Tuesday, 14 October 2008. It occurred during Debate on bill on Banking Bill.
Banking Bill
As the Chancellor knows, I am a strong supporter of bank recapitalisation and of his statement yesterday. In that statement, he said the"““shareholdings will be managed on a fully commercial basis by an arm's length body””." Can he say a little more about what that arm's length body will be, and why he has decided not to use the FSA or the Bank of England for that purpose? Will he also explain what the"““precisely defined remit to act in the interests of taxpayers””—[Official Report, 13 October 2008; Vol. 480, c. 540.]" is, if it is not to act on a fully commercial—
Secondary information
- Type
- Proceeding contribution
- Reference
- 480 c691-2
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Consumers Accountability Bank services Banks Building societies Bank of England Bank notes Finance Financial institutions Insolvency Government assistance Economic situation Equitable Life Assurance Society Protection Mergers Nationalisation Lloyds TSB Monetary Policy Committee Scotland Regulation Halifax Bank of Scotland Financial Services Compensation Scheme National Loans Fund Northern Rock Financial Services Commission Bradford and Bingley
- Legislation
- Banking Bill 2007-08 to 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-16 01:49:31 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_499406
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