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Proceeding contribution from Viscount Eccles (Conservative) in the House of Lords on Tuesday, 20 January 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking Bill.

Banking Bill

Does there not come a point when the attempt to get two belts and three pairs of braces is going too far? If, for example, this clause did not exist and the Treasury were to do something needing to be done at speed—I think we all accept that time will be of the essence—if it turns out that under existing law it has made a mistake, it will be a matter of compensation. It will not be a matter for which anyone will be hung, drawn and quartered. The problem with Clause 75, headed ““Power to change law””, is that it is going too far.

Secondary information

Type
Proceeding contribution
Reference
706 c1600 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Conditions of employment Contracts Compensation Codes of practice Company law Companies Directors Administration Assets Bank services Banks Delegated legislation Bank of England Finance Liability Financial institutions Insolvency Financial Services Authority Holding companies Foreign companies Private sector Pay Powers Workplace pensions Property transfer Public sector Partnerships Nationalisation Stocks and shares Taxation Treasury British Bankers' Association Financial Services Compensation Scheme National Loans Fund Statutory instruments Liquidation committees
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk