Proceeding contribution from Lord Hodgson of Astley Abbotts (Conservative) in the House of Lords on Wednesday, 7 April 2010. It occurred during Committee of the Whole House (HL) and Debate on bill on Financial Services Bill.
Financial Services Bill
I seek information from the Minister. One issue that has concerned some people in the City is where a statement of case is made against someone but is not then proceeded with particularly quickly by the FSA, which sometimes quotes a shortage of resources in relation to carrying out the investigation. Although I understand and appreciate that trying to run down the clock, as the Minister put it, to evade the consequences of justice is wrong, there is also, on the grounds of equality of arms, a requirement for the FSA to proceed reasonably and ensure that the case is heard quickly. The person under investigation is in a state of suspended animation, with his or her career being damaged. Does the Bill provide a requirement for the FSA to proceed with due haste?
Secondary information
- Type
- Proceeding contribution
- Reference
- 718 c1520
- Session
- 2009-10
- Chamber / Committee
- House of Lords chamber
- Subjects
- Disclosure of information Consumers Directors Bank services Banks Advisory services Credit cards Education Financial services Financial Services Authority Pay Regulation Council for Financial Stability Sunset clauses
- Legislation
- Financial Services Bill 2009-10
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
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- 2024-04-21 20:55:48 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_636526
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