Proceeding contribution from Lord Higgins (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, we seem to be getting in a position where everyone is looking for stability in the financial system and everyone is consulting everyone, except for some reason at this point the FSA consults only the Treasury and not the Bank of England. However, the real trouble with this arrangement is that one really does not know where the buck stops at the end of the day. It is dividing all over the place, everyone is consulting with everyone, but no one appears ultimately responsible. Which of the three is it?
Secondary information
- Type
- Proceeding contribution
- Reference
- 718 c548
- 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
Librarians' tools
- Timestamp
- 2024-04-21 20:30:39 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_631121
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