Proceeding contribution from Baroness Noakes (Conservative) 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
My noble friend Lord Wade mentioned the taking-on of toxic assets. It is worth clarifying that the Bill in no way creates a facility to take toxic assets out of banks that are not otherwise in trouble. The Bill therefore does not provide a mechanism for that, should the Government choose at any point to go down that route. The Minister might like to confirm that the Government do not intend to take legal powers to do that.
Secondary information
- Type
- Proceeding contribution
- Reference
- 706 c1249
- 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
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- 2024-01-26 18:56:08 +0000
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