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Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Monday, 9 February 2009. It occurred during Debate on bill on Banking Bill.


Banking Bill

My Lords, I am extremely grateful to the Minister for setting out the position at length and for his kind words. He said that the initial view from the market participants was that this was a good way forward. I can confirm that people have said that to me and that they do support the approach, which is a constructive way forward. The Minister will also be aware that there are a number of concerns about the detail, the market participants having seen the draft of the statutory instrument only last week; and time is short. I hope that the constructive working continues to get the right solution so that these instruments are introduced at Royal Assent. My purpose in tabling the amendments was to get that statement placed on the record. I am more than grateful to the Minister for so doing. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. Amendments 5 and 6 not moved.


Secondary information

Type
Proceeding contribution
Reference
707 c968 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Contracts Compensation Consumers Assets Bank services Banks Delegated legislation Bank of England Deposits Finance Investment Financial institutions Insolvency Financial Services Authority Financial markets Protection Public interest Property transfer Scotland Treasury Financial Services Compensation Scheme Retrospective legislation
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk