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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

If the authorities acted unreasonably that would be the ultimate position. However, the noble Viscount’s friends on the Back Benches and the Front Benches are pressing us to indicate our thinking about the range. I maintain that the Bill as drafted is right and justified and gives powers that are not different from those that the FSA already enjoys in similar circumstances. I have conceded that at Report stage we will need to flesh out a little more what might be published by way of guidance or a policy on the payments system. I hope that noble Lords will think that I have gone as far as I can.

Secondary information

Type
Proceeding contribution
Reference
707 c49-50 
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