Proceeding contribution from Lord Davies of Oldham (Labour) in the House of Lords on Monday, 19 January 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking Bill.
Banking Bill
I do not have a great deal to add, apart from the obvious fact that we are not talking about valuations in an exercise of dispute between two private individuals or personages. We are talking about valuation in the context where the state has acted, and may have acted with a substantial commitment of public funds. Within that framework, it is inevitable that the independent valuer, set up with all the clear protection of his independence that I have identified, will work within parameters to protect public resources.
Secondary information
- Type
- Proceeding contribution
- Reference
- 706 c1488
- Session
- 2008-09
- Chamber / Committee
- House of Lords chamber
- Subjects
- Disclosure of information Compensation Codes of practice Assets Bank services Banks Competition Delegated legislation Bank of England Capital Liability Financial services Financial institutions Insolvency Financial Services Authority Private sector Property transfer Public sector Mergers Nationalisation Scotland Small businesses Valuation Treasury
- Legislation
- Banking Bill 2007-08 to 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2024-04-16 21:50:49 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_519644
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