Proceeding contribution from Lord Davies of Oldham (Labour) in the House of Lords on Tuesday, 3 February 2009. It occurred during Debate on bill on Banking Bill.
Banking Bill
My Lords, we are concerned about the possibility of litigation that might occur subsequent to the position, jeopardising the public interest, if we do not phrase the clause as we have. I had hoped that I had established just how carefully we must act in the overriding public interest, in circumstances where it would otherwise be possible for a challenge to be mounted if it were not recognised that the rapid drafting of such an order could have a weakness which would have to be dealt with retrospectively.
Secondary information
- Type
- Proceeding contribution
- Reference
- 707 c567
- Session
- 2008-09
- Chamber / Committee
- House of Lords chamber
- Subjects
- Disclosure of information Compensation Consumers Accountability Audit Assets Debts Bank services Banks Delegated legislation Advisory services Bank of England Finance Liability Financial institutions Insolvency Government assistance Financial Services Authority Holding companies Protection Payments Public interest Public sector Public expenditure Parliamentary scrutiny Loans Post offices Post Office Nationalisation Regulation Rural areas Treasury Financial Services Compensation Scheme National Loans Fund Financial Stability Committee Sunset clauses Retrospective legislation
- Legislation
- Banking Bill 2007-08 to 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2024-04-21 09:34:09 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_526165
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