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Proceeding contribution from Viscount Eccles (Conservative) in the House of Lords on Tuesday, 3 February 2009. It occurred during Debate on bill on Banking Bill.


Banking Bill

My Lords, I am sorry to intervene again; I probably did not make myself clear. Even if Parliament was sitting, an order would have had to have been laid, for example, to suspend trading in the shares. That would have happened before Parliament could have any discussion. So even if Parliament was sitting, it would still be faced with action that had been taken that it would be extremely difficult to unscramble under the 28-day procedure.


Secondary information

Type
Proceeding contribution
Reference
707 c575 
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