Proceeding contribution from Lord Myners (Labour) in the House of Lords on Thursday, 3 February 2011. It occurred during Debates on delegated legislation on Investment Bank Special Administration Regulations 2011.
Investment Bank Special Administration Regulations 2011
I make one last intervention on this. Can the Minister tell us simply how the Government will find out what bonuses otherwise would have been and how much money would have been lent in the absence of Merlin? It seems that the Minister yesterday, in using the terms ““demonstrable”” and ““verifiable””, overreached himself in suggesting that there was a way in which the outcome of Merlin could be proved. Can the Minister, in very simple, straightforward terms, explain how he will prove these issues on bonuses and credit extension?
Secondary information
- Type
- Proceeding contribution
- Reference
- 724 c1554-5
- Session
- 2010-12
- Chamber / Committee
- House of Lords chamber
- Subjects
- Banks Investment Financial institutions Insolvency Regulation
- Legislation
- Investment Bank Special Administration Regulations 2011
- Investment Bank (Amendment of Definition) Order 2011
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 14:40:06 +0000
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