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Proceeding contribution from Lord Davies of Oldham (Labour) in the House of Lords on Monday, 26 January 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking Bill.

Banking Bill

On the second point, I can certainly reassure the noble Lord that that is the case. I merely sought to defend the fact that they would be secure short-term loans because of the nature of the funds and their potential use. On the question of whether they are identifiable, I am sorry that I cannot be more explicit but I just do not have the answer. I do not know what the nature of the accountability would be, given that these transactions can occur with some frequency, and therefore I shall need to write to the noble Lord with that detail.

Secondary information

Type
Proceeding contribution
Reference
707 c18 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Compensation Codes of practice Audit Assets Debts Bank services Banks Delegated legislation Bank of England Bank notes Deposits Credit rating Housing Finance Fees and charges Liability EU law Investment Financial institutions Insolvency European communities Government assistance Financial Services Authority Financial markets Foreign companies Private sector Membership Public expenditure Property Parliamentary scrutiny Loans Post offices Monetary policy Statistics Regulation Stocks and shares Valuation Treasury Financial Services Compensation Scheme National Loans Fund Northern Rock Financial Stability Committee Sunset clauses
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk