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Proceeding contribution from Lord Davies of Oldham (Labour) 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

On the contrary, one of two situations may obtain. It may be that Parliament reaches a judgment that the action was unnecessary and unjustified, and the action therefore lapses; or it may be that Parliament considers the authorities to be completely justified in the action that they took. Those two situations are the subject of parliamentary judgment. Of course it will happen after the authorities have acted, but Parliament often reaches its judgments in just such a way. Parliament does not dictate to the Government and the authorities: it keeps their actions under scrutiny and provides the legislative base on which they act. That is what the Bill seeks to do.

Secondary information

Type
Proceeding contribution
Reference
706 c1604 
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