Proceeding contribution from Lord Myners (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
In many years as a pension fund portfolio manager, I struggled with objectives that were expressed in such language as ““maximise the return on the portfolio in accordance with an acceptable degree of risk””. When one asked for qualification, on the whole the client felt that it was better to leave it in those vague terms. In saying that I will look again at the wording of this part of the clause, I will also take account of the point made by the noble Lord, Lord Higgins.
Secondary information
- Type
- Proceeding contribution
- Reference
- 706 c1536
- 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 21:51:09 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_519662
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