Proceeding contribution from Lord Newby (Liberal Democrat) in the House of Lords on Monday, 12 December 2011. It occurred during Debates on delegated legislation on Financial Restrictions (Iran) Order 2011.
Financial Restrictions (Iran) Order 2011
My Lords, I thank the Minister for the clear introduction that he has given to this measure which seems, broadly speaking, to be proportionate. I have just one question. To what extent will Iranian banks be able to continue doing business here direct with companies as opposed to with UK financial sector bodies? I think that the Minister said that they will be able do that. If so, have the Government given any consideration to freezing the operations of Iranian banks so that they simply cannot do any business out of the UK?
Secondary information
- Type
- Proceeding contribution
- Reference
- 733 c231GC
- Session
- 2010-12
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Banks Finance Financial services Fines Nuclear power Overseas trade Sanctions Iran
- Legislation
- Financial Restrictions (Iran) Order 2011
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
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- 2023-12-15 21:15:28 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_793996
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