Parliamentary Search

Proceeding contribution from Lord Saatchi (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

Amendment 203A 203A: After Clause 246, insert the following new Clause— ““Audit of banks Audit of banks (1) The Treasury shall make provision by regulations requiring a bank’s auditor to include a description in the notes to the bank’s annual accounts of any significant sums which could become a liability for the bank and of the circumstances in which they could become a liability. (2) The regulations shall specify that the description should include sums invested in structured investment vehicles and sums for which the bank has achieved insurance.””

Secondary information

Type
Proceeding contribution
Reference
707 c152-3 
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