Proceeding contribution from Lord Campbell-Savours (Labour) in the House of Lords on Monday, 15 December 2008. It occurred during Debates on delegated legislation on Kaupthing Singer & Friedlander Limited (Determination of Compensation) Order 2008.
Kaupthing Singer & Friedlander Limited (Determination of Compensation) Order 2008
If I heard my noble friend correctly, he said before that the FSA would not comment on negotiations that were going on during this period—so, from the beginning of the year. That must apply to banks that still trade, but surely if a bank comes to the end of its life there can be a justification for publishing that information. Surely, commercial sensitivity is substantially reduced in those conditions. Also, it is the Glacier bond that I referred to for Iceland.
Secondary information
- Type
- Proceeding contribution
- Reference
- 706 c15GC
- Session
- 2008-09
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Disclosure of information Compensation Assets Banks Nationalisation Shares Shareholders Iceland Landsbanki Bradford and Bingley Kaupthing Singer and Friedlander Heritable Bank Kaupthing Bank
- Legislation
- Bradford and Bingley plc Compensation Scheme Order 2008
- Kaupthing Singer and Friedlander Limited (Determination of Compensation) Order 2008
- Heritable Bank plc (Determination of Compensation) Order 2008
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-22 01:49:15 +0100
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