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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

The Minister's response surprised me not at all. I was grateful for the support from my noble friends for the need for parliamentary process. He wanted more praise for the draft being available. I have already given him as much praise as I am ever likely to give him on that subject. It is asking a lot to ask for even more praise. The most important thing is that the Bill says only that it will be laid before Parliament, which initiates no process of any recognisable substance whatever. The only thing that would lead to any recognisable process would be the requirement for either the affirmative or the negative procedure. The Minister may tempt me to return at the next stage with at least the negative procedure, which it would be churlish of the Government to refuse because it is churlish of them to disregard the need for parliamentary involvement. However, I will think about that further, and I beg leave to withdraw the amendment. Amendment 24 withdrawn. Clause 6 agreed.


Secondary information

Type
Proceeding contribution
Reference
706 c1199 
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