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Proceeding contribution from Lord Higgins (Conservative) 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 support my noble friend’s amendment, which seems to be virtually the minimum that one might reasonably ask for. The trouble is that, even in advance of Royal Assent being given to the Bill, at the moment it is terribly difficult to get any comprehensive idea of what amounts the Government have committed, whether by way of direct financial assistance or guarantees. In advance of the amendment, or something like it, being accepted, is there not a case for the Government to take action to report regularly to Parliament so that we have a running tally of what is happening following successive proposals by the Government? At the moment, it is extremely difficult to get any idea at all of the orders of magnitude involved.

Secondary information

Type
Proceeding contribution
Reference
707 c70 
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