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Proceeding contribution from Lord Davies of Oldham (Labour) in the House of Lords on Monday, 2 February 2009. It occurred during Debate on bill on Banking Bill.

Banking Bill

No indeed, my Lords. I was not seeking to detract from that at all. I was merely indicating that this requires a statutory instrument for the code to become effective. The noble Lord has succeeded in provoking a further point in my argument. The Delegated Powers Committee, whose representations the noble Baroness and other Members of this House quite rightly urged the Government to take seriously, especially where it clearly identifies that further thought and consideration by the Government is necessary, did not make a recommendation for this procedure on this code. That should weigh with some substance and I hope that the noble Baroness will feel comfortable in withdrawing her amendment.

Secondary information

Type
Proceeding contribution
Reference
707 c509-10 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Compensation Codes of practice Consumers Accountability Directors Assets Bank services Banks Competition Delegated legislation Advisory services Building societies Bank of England Finance Human rights EU law Financial institutions Insolvency Government assistance Financial Services Authority Private sector Protection Pay Public appointments Pensions Public interest Property transfer Mergers Parliamentary scrutiny Pension funds Pension rights Nationalisation Regulation Shares Valuation Taxation Shareholders Treasury UK Financial Investments Financial Services Compensation Scheme Northern Rock Bradford and Bingley Hampton, Philip
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk