Proceeding contribution from Lord Oakeshott of Seagrove Bay (Liberal Democrat) 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
A slightly misleading answer there from the Minister, who is new to his brief. The guidance under which local authorities place deposits is actually joint guidance from the Treasury and the Department for Communities and Local Government. I know that because my honourable friend Vince Cable and I got that guidance from them, which is why on the ““Today”” programme I was able to challenge the director of the Local Government Association, whom I believe has just been suspended from his job. Since it was involved in the joint guidance, the Treasury should have been aware of the situation and take partial responsibility for it.
Secondary information
- Type
- Proceeding contribution
- Reference
- 706 c17GC
- 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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