Proceeding contribution from Ian Pearson (Labour) in the House of Commons on Monday, 3 November 2008. It occurred during Debate on bill on Dormant Bank and Building Society Accounts Bill [Lords].
Dormant Bank and Building Society Accounts Bill [Lords]
My understanding is that the latter would obtain. There is also the issue of what would happen if money was transferred into the scheme and a bank subsequently becoming insolvent. In those circumstances, I think that the customer would still be able to reclaim their money, and that would be the right thing to do.
Secondary information
- Type
- Proceeding contribution
- Reference
- 482 c37
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Disclosure of information Devolved matters Charities Assets Bank services Banks Building societies Finance Insolvency Financial Services Authority Personal savings Northern Ireland Scotland Registration Voluntary organisations Young people Regulation Wales Youth services Big Lottery Fund
- Legislation
- Dormant Bank and Building Society Accounts Bill (HL) 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-16 01:20:57 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_505390
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