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Proceeding contribution from Mark Hoban (Conservative) in the House of Commons on Tuesday, 10 February 2009. It occurred during Debate on bill on Banking Bill.

Banking Bill (Money)

My hon. Friend, a fellow chartered accountant, asks one of the questions that need to be addressed. As I understand it, there will be different accounting treatments for different types of schemes. Schemes that provide a guarantee will be a contingent liability, whereas in schemes in which we take on debt, that debt will be on the Government's balance sheet. As a consequence of the Government's majority shareholding in RBS, the Government have had to recognise a significant proportion of RBS's liabilities on their balance sheet.

Secondary information

Type
Proceeding contribution
Reference
487 c1262;487 c1260 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Disclosure of information Compensation Codes of practice Accountability Directors Administration Assets Bank services Banks Delegated legislation Bank of England Investment Financial institutions Insolvency Government assistance Financial Services Authority Holding companies Foreign companies Pay Pensions Payments Property transfer Public sector Parliamentary scrutiny Loans Nationalisation Treasury Valuation Northern Rock National Loans Fund Henry VIII clauses Retrospective legislation
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk