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Proceeding contribution from Baroness Noakes (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 do not agree with the Minister. I would not have tabled the amendment if I agreed with him. The Minister says that the FSMA is perfectly clear, but it is not. It just says, "““maintaining confidence in the financial system””." You have to go through quite a lot of contorted hoops to get to the position where the Government say, ““Of course it covers all these things””. The man in the street reading that would not understand it, and neither did the Adam Smith Institute, which is why it featured in one of its pamphlets. I shall consider what the Minister said on the subject. For the moment we must agree to differ and I beg leave to withdraw. Amendment 201 withdrawn. Clause 238 agreed. Clause 239: Functions Amendment 201A not moved. Clause 239 agreed.

Secondary information

Type
Proceeding contribution
Reference
707 c150-1 
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