Proceeding contribution from Lord Myners (Labour) 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
I am not sure how my noble friend came to the conclusion that we gave an indication or undertaking that we would change the legislation. The legislation used in respect of Landsbanki has, I believe, been highly effective in signalling that we will not tolerate discriminatory action by the Icelandic authorities that penalises UK depositors. The legislation has achieved its objective and was appropriate to the circumstances. It remains on the statute book and there is no need to duplicate it or move the provisions from one Act to another.
Secondary information
- Type
- Proceeding contribution
- Reference
- 706 c1124
- 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
Librarians' tools
- Timestamp
- 2024-01-26 18:46:35 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_517667
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