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Proceeding contribution from Viscount Eccles (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

Apart from the intention, it is important to declare how that intention is being pursued, and presumably that will be by way of business plans. I recall asking the noble Lord on a previous occasion what ““temporary”” meant and he said that the best he could do was to say that it was not permanent. However, that does not seem enough. When you go into something, it is important to have a clear idea of how you might exit again and to report on progress towards that exit.

Secondary information

Type
Proceeding contribution
Reference
706 c1137-8 
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