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Proceeding contribution from Lord Hodgson of Astley Abbotts (Conservative) in the House of Lords on Monday, 15 March 2010. It occurred during Committee of the Whole House (HL) and Debate on bill on Financial Services Bill.


Financial Services Bill

My Lords, when the Minister reflects on our debates on this clause and on the official and unofficial meetings of the council—the quarterly meetings, which are strategic, and the interim ones, which are "operational", which I think was the Minister’s phrase—will he also reflect on the fact that knowledge that the council has met, knowledge which may well be spread abroad, while no minutes are being published, will have a far more destabilising effect than fessing up and explaining what is happening? If we are to have these meetings—some of which are to be minuted while others are not—people will draw the very worst conclusions from the meetings that are not minuted.


Secondary information

Type
Proceeding contribution
Reference
718 c516 
Session
2009-10
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Codes of practice Banks Bank of England Financial services Government assistance Financial Services Authority Financial markets Economic situation Loans Meetings Regulation Treasury Council for Financial Stability
Legislation
Financial Services Bill 2009-10
Link
View this Proceeding contribution on www.publications.parliament.uk