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Banking Bill

Then let me endeavour to be more specific and granular. The purpose of the phrase ““in any other way”” is primarily to include common law, but there are other examples—for instance, the terms of a trustee arrangement. On EU law, I confirm that the Bill cannot override Community law and a transfer in breach of the convention rights could be declared unlawful on judicial review. Thirdly, on the issue of competition law, the clause could not of itself be used to override competition law, but that may be necessary in certain situations, and we will return to those issues in the debate on Clause 75, on which noble Lords have already said that they intend to focus later in Committee.