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
I am completely perplexed. My previous amendments were not about the procedure of information flows, which Amendment 60 is about, but were probing why the framework of objectives in Clauses 7, 8 and 9 were not referenced into these various supplemental, onward and reverse transfers. That procedure is not of the same ilk as the information flow procedure; it is addressed by Amendment 60. I am completely perplexed by the Minister’s response, as I was when he referred to this on the previous group of amendments. Amendment 60 would try to get information about these transactions that are undertaken, supplemental and so on, and nothing to do with the framework of conditions that apply to them. It is not on all fours. Leaving subsection (4) in there does nothing at all about creating an information flow. I do not understand what the Minister is saying and why there should not be an information flow. Help may be at hand for the Minister if he looks to his left.
Secondary information
- Type
- Proceeding contribution
- Reference
- 706 c1311
- 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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