Proceeding contribution from Lord Higgins (Conservative) in the House of Lords on Tuesday, 13 January 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking Bill.
Banking Bill
In answer to the question posed by the noble Lord, Lord Stewartby, about definition, the Minister improvised a definition and indicated that it was quite difficult to do. Is there any such definition in the Bill? If so, where will we find it? One can see the argument against duplication, but one should not underestimate the fact that in passing terrorism legislation, the House is anxious that it should be used only for what the intention was in saying that it is to deal with terrorism. It is undesirable that we should suddenly find—indeed, it would deter us from going along on such a matter in the future—that terrorism legislation is being used for purposes that no one at the time had particularly noticed. Is there not a case for putting the proposal into a separate Bill if it is intended to use it in the context of banking legislation? The noble Lord says that there are powers already to deal with the point made by my noble friend, but I was not clear whether he was referring solely to the terrorism legislation or whether there are powers elsewhere which he had in mind.
Secondary information
- Type
- Proceeding contribution
- Reference
- 706 c1123-4
- Session
- 2008-09
- Chamber / Committee
- House of Lords chamber
- Subjects
- Disclosure of information Codes of practice Accountability Administration Assets Bank services Banks Credit unions Building societies Bank of England Deposits Financial institutions Insolvency Legislation Government assistance Financial Services Authority Financial markets Foreign companies Protection Public sector Public expenditure Nationalisation Terrorism Regulation Shareholders Treasury Financial Services Compensation Scheme Northern Rock Freezing of assets
- Legislation
- Banking Bill 2007-08 to 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-01-26 18:47:36 +0000
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