Proceeding contribution from Lord Tyrie (Conservative) in the House of Commons on Monday, 23 April 2012. It occurred during Debate on bill on Financial Services Bill.
Financial Services Bill
I am grateful to the Minister for what I have heard this evening. He has shown enough flexibility for me to feel able to withdraw new clause 1, but before I do so it is just worth my spelling out what I think I have heard. I think I have heard that we are going to have the publication of the full minutes of the court of directors, and that we are going to permit and, indeed, encourage the court—the non-executives of the Bank of England—to commission internal reviews, to assess them and to give us their assessments, made available to Parliament. I heard also about some flexibility on whether we will go beyond the affirmative procedure when looking at macro-prudential tools. Their proper scrutiny is extremely important for millions of people in this country. Whether we will go as far as a super-affirmative procedure I do not know, but an element of flexibility has also been provided for there. With that in mind, my intention is not to push new clause 1 to a vote. I beg to ask leave to withdraw the motion. Clause, by leave, withdrawn.
Secondary information
- Type
- Proceeding contribution
- Reference
- 543 c767-8
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Consumers Accountability Debts Banks Credit Advisory services Bank of England Fees and charges Financial services Financial institutions Interest rates Public appointments Mortgages Loans Office of Fair Trading Standards Regulation Repayments Trading standards Pre-payment Financial Policy Committee Financial Conduct Authority Prudential Regulation Authority Money Advice Service
- Legislation
- Financial Services Bill 2010-12 to 2012-13
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 16:57:23 +0000
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