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)
I am grateful to the Minister for his comments, but we discussed the power to make the onward transfer of a bank, licensed deposit taker or holding company. However, the Minister talks about taking a group into temporary public ownership, which means its holding company, banking activities and non-banking activities. His comment that the whole group would go into temporary public ownership reinforces my concern that a group might seek to structure its activities or ownership so as to avoid that prospect, notwithstanding the safeguards that he has mentioned.
Secondary information
- Type
- Proceeding contribution
- Reference
- 487 c1322;487 c1320
- 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
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- 2026-05-13 11:58:48 +0100
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