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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

My Lords, I hear the noble Lord’s further point on that, but he will appreciate how closely we have looked at accrued rights in order to ensure that Clause 71 does what we intend it to do for the special resolution procedure. However, I shall take his point away and look at it further. I recognise the justified anxieties and concerns of all Members of this House, which were particularly expressed by the noble Baroness and other noble Lords in Committee and by the noble Lord, Lord Northbrook, in his comment a few moments ago. I will look at this further, but I hope the noble Lord will appreciate how tested the objectives and guarantees in Clause 71 are.

Secondary information

Type
Proceeding contribution
Reference
707 c545 
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