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Proceeding contribution from Baroness Noakes (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

Before I decide what to do with my amendment, I have a couple of points to put to the Minister. To help the Committee he gave an example of how the objectives would be balanced. He said the draft code would cover that. He then gave the example of the investment of public funds as being something that would be taken into account. Unfortunately I did not bring my copy of the draft code into the Chamber with me. Is that example in the draft code? My second question is of a similar nature and related to the question that my noble friend Lord Blackwell asked on property rights. It cannot be the case that property rights can simply be had regard to and disregarded lightly, because they are protected by the convention on human rights. Will the Minister explain again how those rights are balanced against other rights and say how those rights, which are important and protected by European law, are balanced against other matters? Will the code set out in detail how those things might be addressed in particular instances?


Secondary information

Type
Proceeding contribution
Reference
706 c1146 
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