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
On that point, it was established in Committee that in all cases of deposits, we need absolute clarity about the precise protections. That example is a good one, but there are many others in which customers may not be entirely clear about how the deposits are protected and what risks they may bear in depositing with a particular institution. I am aware that the FSA is consulting on many of those aspects, but Members would welcome an update on its progress.
Secondary information
- Type
- Proceeding contribution
- Reference
- 483 c808
- 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
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- Timestamp
- 2023-12-15 23:17:57 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_512492
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