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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

I was coming to that. In view of the strength of the representations made, we will consider whether the Bank of England should publish a policy on a payments system and compliance failure penalties. We will return to the issue on Report to clarify the matter further. I seek merely to identify that it is entirely right that we should seek to resist the concept outlined by the noble Lord, Lord Higgins, that an order of offences and their respective penalties should be in the Bill. We have difficulties with the concept. However, we will certainly return to it because I understand the dissatisfaction expressed both by him and by the noble Baroness, Lady Noakes.

Secondary information

Type
Proceeding contribution
Reference
707 c49 
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