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Proceeding contribution from Lord Bridges (Crossbench) 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

The difficulty persists that we were justified in what we were doing but a foreign Government with whom we have normally had very friendly relations were able to misrepresent our actions and look at the legislation from an entirely different point of view. I hope that whatever decision is reached in this Committee will enable us to be more open with such a country and prevent it from distorting our actions, as Iceland did very effectively on this occasion to our considerable disadvantage.


Secondary information

Type
Proceeding contribution
Reference
706 c1125 
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