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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

The Minister cites fraud as an example of an area where the threshold conditions could be breached and the FSA could intervene. The threshold conditions are designed to determine whether businesses should become regulated. If he is trying to broaden out the basis on which the FSA should intervene beyond the threshold conditions in the legislation, the Government need to be much clearer about that than they are being in the Bill's drafting. Is he making an argument that the potential triggers could go beyond the conditions that a bank has to satisfy to be regulated?


Secondary information

Type
Proceeding contribution
Reference
483 c819 
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