Proceeding contribution from Lord Northbrook (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, it is a fairly weak sanction in Clause 2(3). It states: ""Where the Treasury prepares a draft report under section 3, the Council must consider the draft"—" but it cannot do anything about it. Coupled with my noble friend’s comments on the balance on the council of eight, three and three, it is not going to have any ability to override in the final instance the Treasury’s views.
Secondary information
- Type
- Proceeding contribution
- Reference
- 718 c521
- 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
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- 2024-04-21 20:31:37 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_631094
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