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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]

That will essentially be a matter for the company, because it is a private company. I imagine that discussions will be held between members of the Treasury and members of the reclaim fund, and that they will also include the Financial Services Authority, which has some overall responsibilities with regard to remuneration. Let me emphasise again that we expect the reclaim fund to be run in accordance with our legislation, FSA regulation and company law, and for it to meet the highest standards of corporate governance, but we need the power to ensure that that is the case, which is why we shall invite Members to reject amendment No. 10.


Secondary information

Type
Proceeding contribution
Reference
482 c62 
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