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

Banking Bill (Money)

I agree strongly: it is right that we should be as transparent as we reasonably can, while recognising that certain public policy objectives require some degree of confidentiality. The last thing that we would want to do is create a run on a financial institution by being too transparent and disclosing problems when by taking action as we propose, we could solve such problems.

Secondary information

Type: Proceeding contribution
Reference: 487 c1280;487 c1278
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

Banking Bill (Money)

Secondary information

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