Proceeding contribution from Lord Myners (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
I understand that a wide range of options was considered, but it was the determination of the FSA over that weekend that Bradford & Bingley no longer met its threshold conditions and therefore would not have been allowed to take deposits on the Monday. As I said in my opening remarks, I am sure there are a number of points that I have failed to cover. If that is the case, I will ensure that the Committee receives full written responses. Motion agreed.
Secondary information
- Type
- Proceeding contribution
- Reference
- 706 c18GC
- 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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