Proceeding contribution from Lord Davies of Oldham (Labour) in the House of Lords on Wednesday, 14 January 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking Bill.
Banking Bill
If the option exercise involved the Bank of England establishing a bridge bank, the Bank would take into account the nature of the institution that it was taking over. The straightforward answer to the noble Lord is that it might take over any bank in any circumstances which fulfilled the criteria. The answer to his question is therefore yes.
Secondary information
- Type
- Proceeding contribution
- Reference
- 706 c1247
- Session
- 2008-09
- Chamber / Committee
- House of Lords chamber
- Subjects
- Contracts Codes of practice Accountability Directors Assets Bank services Banks Competition Delegated legislation Bank of England Employment Liability EU law Financial institutions Insolvency Private sector Protection Pay Public appointments Property transfer Public sector Parliamentary scrutiny Staff Nationalisation Shares Taxation Shareholders Treasury
- Legislation
- Banking Bill 2007-08 to 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2024-01-26 18:56:06 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_518979
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