Proceeding contribution from Lord Sassoon (Conservative) in the House of Lords on Monday, 19 December 2011. It occurred during Ministerial statement on Independent Commission on Banking.
Independent Commission on Banking
My Lords, as I have said, the way that the governance will work is that the ring-fenced subsidiary will have to have independent directors in the way that, for example, regulated utilities have to have directors who are independent of the holding company’s board. That is the principal protection in these circumstances.
Secondary information
- Type
- Proceeding contribution
- Reference
- 733 c1612
- Session
- 2010-12
- Chamber / Committee
- House of Lords chamber
- Subjects
- Costs Bank services Banks Competition Finance Incentives Standards Regulation Government responses Royal Bank of Scotland Financial Conduct Authority Independent Commission on Banking Payments Council
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 19:08:44 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_796733
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