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Proceeding contribution from Lord Myners (Labour) in the House of Lords on Wednesday, 10 March 2010. It occurred during Committee of the Whole House (HL) and Debate on bill on Financial Services Bill.


Financial Services Bill

How small does the noble Lord think an organisation needs to be to fail? My experience was that even an organisation as small as the Dunfermline Building Society in the end became too big to fail because of its consequences. This is why we need to have all the steps that I have been articulating to make sure that individual organisations are safe and secure.


Secondary information

Type
Proceeding contribution
Reference
718 c286 
Session
2009-10
Chamber / Committee
House of Lords chamber
Subjects
EU law Financial services Financial institutions Insolvency Financial markets Economic situation Property transfer Parliamentary scrutiny Staff Regulation USA
Legislation
Financial Services Bill 2009-10
Link
View this Proceeding contribution on www.publications.parliament.uk