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Proceeding contribution from Mark Todd (Labour) in the House of Commons on Wednesday, 26 November 2008. It occurred during Debate on bill on Banking Bill.

Banking Bill

I am sure that the hon. Gentleman would agree that our debate in Committee focused on two issues: the principle of whether pre-funding was desirable and the mechanisms by which pre-funding might be achieved, bearing in mind the very different risk profiles of the various institutions that might be called on to contribute. For example, building societies have historically cleaned up their own difficulties in that sector, but they might be called on to contribute to institutions that have followed much higher risk profiles in business.

Secondary information

Type
Proceeding contribution
Reference
483 c801-2 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Disclosure of information Compensation Codes of practice Consumers Directors Assets Debts Bank services Banks Credit unions Building societies Capital Deposits Finance Liability Financial services Financial institutions Exemptions Insolvency Government assistance Financial Services Authority Private sector Protection Pay Property transfer Public sector Publicity Mutual societies Nationalisation Shares Treasury Henry VIII clauses Financial Services Compensation Scheme
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk