Proceeding contribution from Mark Hoban (Conservative) in the House of Commons on Wednesday, 26 November 2008. It occurred during Debate on bill on Banking Bill.
Banking Bill
Who will decide how to deal with the depositors in a failed bank? In the Bradford & Bingley case, it was decided that the best solution was to transfer them across to Banco Santander/Abbey. In the Icelandic banks situation, some depositors were transferred across to ING Direct, and others were effectively left with the FSCS. Part of the point of the amendment was to flush out who took responsibility for taking those decisions.
Secondary information
- Type
- Proceeding contribution
- Reference
- 483 c817
- 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
Librarians' tools
- Timestamp
- 2023-12-15 23:18:20 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_512505
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