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Committee of the Whole House (HL) and Debate on bill on Tuesday, 13 January 2009, in the House of Lords.

Banking Bill

Banking Bill. Lords Committee stage first day. Clauses 1 to 9 agreed to.

Secondary information

Type
Parliamentary proceeding
Reference
706 c1117-79,1194-214 
Session
2008-09
Department
Treasury
Legislative stage
Committee stage
Procedure
New clauses
Chamber / Committee
House of Lords chamber
Related items
Banking Bill. Brought from the Commons.
Wednesday, 17 December 2008
Bills
House of Lords
Proceeding contributions
Lord Myners | 706 c1146 (Link to this contribution) This legislation is designed to handle issues relating to the banking system.
Lord Eatwell | 706 c1146-7 (Link to this contribution) I should like to follow on from the point raised by the noble and learned Lord, Lord Mackay, regardi...
Show all contributions (178)
Lord Myners | 706 c1147 (Link to this contribution) My noble friend Lord Eatwell raises the question of Lehman Brothers. If one looks back on what has h...
Lord Barnett | 706 c1147-8 (Link to this contribution) I do not wish to raise Lehman Brothers because I recognise that the Minister was not responsible for...
Lord Myners | 706 c1148 (Link to this contribution) My noble friend is correct. ““Bank”” does not include any other class of institution excluded by an ...
Baroness Noakes | 706 c1146 (Link to this contribution) Before I decide what to do with my amendment, I have a couple of points to put to the Minister. To h...
Lord Myners | 706 c1146 (Link to this contribution) I believe that the example I gave is drawn from the code, but the code is a long and complex documen...
Lord Higgins | 706 c1146 (Link to this contribution) I may have misheard the noble Lord. Did he say he had a copy of the code with him and, if so, can we...
Lord Myners | 706 c1146 (Link to this contribution) In fact, my officials have given me a copy of the Special Resolution Regime: Safeguards for Partial ...
Baroness Noakes | 706 c1148-50 (Link to this contribution) Amendment 10 10: Clause 4, page 3, line 21, at end insert ““which includes ensuring that that they...
Lord Myners | 706 c1150-1 (Link to this contribution) I thank noble Lords for their advice. I do not think that there is a great difference in opinion bet...
Baroness Noakes | 706 c1151-2 (Link to this contribution) I thank the Minister for that reply, and all other Members of the Committee who have taken part in t...
Lord Whitty | 706 c1150 (Link to this contribution) I add my voice to the growing swell of support for the amendment. In doing so, I declare my interest...
Lord Oakeshott of Seagrove Bay | 706 c1150 (Link to this contribution) The noble Baroness makes a good point. She gave the example of utility bills being paid. When we thi...
Baroness Turner of Camden | 706 c1150 (Link to this contribution) I have been listening to this debate as a non-expert, but as a very concerned member of the depositi...
Lord Newby | 706 c1150 (Link to this contribution) This seems an eminently sensible amendment. For the reasons set out by the noble Baroness, we suppor...
Lord Northbrook | 706 c1150 (Link to this contribution) I support the amendment proposed by my noble friend Lady Noakes. I point out that the impact assessm...
Lord Mackay of Clashfern | 706 c1138 (Link to this contribution) At an earlier stage, the Minister distinguished between presentation and substance. Judging from wha...
Lord Myners | 706 c1138-40 (Link to this contribution) Before I address the amendment, which I hope to do with a clarity that does not require the noble Ba...
Baroness Noakes | 706 c1140 (Link to this contribution) Perhaps I may just clarify one thing with the Minister before I decide what to do with the amendment...
Lord Myners | 706 c1140 (Link to this contribution) I beg the indulgence of the Committee; I am still making progress on my learning curve. In my experi...
Baroness Noakes | 706 c1140 (Link to this contribution) The Minister misses the point. When the Government have to bring business before the House, it is ri...
Lord Myners | 706 c1140 (Link to this contribution) In making that comment, I was absolutely minded of Parliament’s ability to hold the Government to ac...
Baroness Noakes | 706 c1141 (Link to this contribution) As I mentioned earlier, we have other amendments on the Marshalled List to deal with accountability,...
Baroness Noakes | 706 c1141-2 (Link to this contribution) Clause 4: Special resolution objectives Amendment 8 8: Clause 4, page 3, line 8, after ““to”” i...
Lord Myners | 706 c1143-4 (Link to this contribution) I do not think that Amendment 8 is required. I believe that the purpose behind the amendment is to e...
Lord Higgins | 706 c1144-5 (Link to this contribution) Perhaps the noble Lord can clarify one point. I am somewhat concerned about the drafting because we ...
Lord Lamont of Lerwick | 706 c1142 (Link to this contribution) Perhaps the Minister could help the Committee by clarifying the consistency of Clause 4(2) with the ...
Lord Mackay of Clashfern | 706 c1145 (Link to this contribution) Is it not the case that Clause 8 provides powers for the Bank of England and Clause 9 powers for the...
Lord Myners | 706 c1145 (Link to this contribution) I wonder if the noble Lord will indulge me and explain the point once more. I do apologise.
Lord Higgins | 706 c1145 (Link to this contribution) The beginning of Clause 4 refers to the relevant authorities having regard to special resolution obj...
Lord Mackay of Clashfern | 706 c1145 (Link to this contribution) I am sorry to be on my feet again, but I wonder whether confidence in the financial systems would al...
Lord Myners | 706 c1145 (Link to this contribution) I express my thanks to the noble and learned Lord, Lord Mackay, who I think has helped to provide th...
Lord Eatwell | 706 c1165 (Link to this contribution) Can the Minister help me further on the arm's-length issue? He defined ““arm's length”” as involving...
Lord Myners | 706 c1164-5 (Link to this contribution) I shall give way in a moment, but I shall continue while I still have fresh in my mind the question ...
Lord Myners | 706 c1164 (Link to this contribution) I plead not guilty to any part of the decision of the Economic Affairs Committee to meet at the same...
Lord Forsyth of Drumlean | 706 c1163-4 (Link to this contribution) I apologise for not being here for the earlier part of the Committee. Someone conspired to have the ...
Lord Barnett | 706 c1163 (Link to this contribution) Debate on whether Clause 4 should stand part of the Bill. This is a crucial clause and I should li...
Lord Howard of Rising | 706 c1162-3 (Link to this contribution) I thank the noble Lords, Lord Borrie and Lord Newby, for their support on this amendment. I do not k...
Lord Myners | 706 c1161-2 (Link to this contribution) In Amendment 14 the noble Lord, Lord Howard of Rising, raises the important topic of competition. As...
Lord Newby | 706 c1161 (Link to this contribution) We, too, have some sympathy with the amendment for the reasons that have been given. As we move forw...
Lord Borrie | 706 c1161 (Link to this contribution) I hope that the Minister will give more support to this amendment from the noble Lord, Lord Howard, ...
Lord Barnett | 706 c1166-7 (Link to this contribution) I am sorry to revert back to it, but on the question of the difference between an arm's-length and a...
Lord Myners | 706 c1166 (Link to this contribution) I thought that I had answered the question. The notion of who is in charge applies an altogether too...
Lord Newby | 706 c1167 (Link to this contribution) The Minister kindly prays me in aid in the approach that the Government are adopting to RBS, but he ...
Lord Myners | 706 c1167 (Link to this contribution) I am grateful to the noble Baroness, Lady Noakes, for her intervention; we could go on at some lengt...
Lord Forsyth of Drumlean | 706 c1166 (Link to this contribution) I agree with the Minister about the importance of the arm's-length arrangement, but I shall press hi...
Lord Myners | 706 c1166 (Link to this contribution) We could debate this subject for hours. Indeed, lengthy books have been written on it. My limited ex...
Lord Forsyth of Drumlean | 706 c1166 (Link to this contribution) They may have heard the arguments, but they may not have had a satisfactory explanation. It is a ver...
Baroness Noakes | 706 c1166 (Link to this contribution) I hesitate to intervene on my noble friend, but we discussed a couple of groups of amendments earlie...
Lord Eatwell | 706 c1165-6 (Link to this contribution) The Minister is right to suggest that a majority shareholder may not involve itself in the day-to-da...
Lord Myners | 706 c1165 (Link to this contribution) In the case of Royal Bank of Scotland, the Government are acting not as a sleeping shareholder but a...
Lord Myners | 706 c1156 (Link to this contribution) I suggest to the noble Lord, Lord Higgins, that in circumstances where objective 5 is relevant, it c...
Lord Myners | 706 c1154-5 (Link to this contribution) I await with trepidation to receive Hansard to discover how inadequately I answered the question of ...
Lord Howard of Rising | 706 c1153-4 (Link to this contribution) Before speaking to this amendment I must declare an interest in both Bradford & Bingley and Northern...
Lord Howard of Rising | 706 c1156-7 (Link to this contribution) Amendment 12 12: Clause 4, page 3, line 22, at end insert ““and to ensure that the expenditure of ...
Lord Newby | 706 c1156 (Link to this contribution) I am grateful to the noble Lord for giving me such a full reply. This is probably not the time to ha...
Lord Higgins | 706 c1153 (Link to this contribution) Thinking back to the Northern Rock episode, I believe there was some problem at the time for the Gov...
Lord Newby | 706 c1152-3 (Link to this contribution) Amendment 11 11: Clause 4, page 3, line 21, at end insert— ““( ) Objective 3A is to protect and sa...
Baroness Ford | 706 c1160 (Link to this contribution) Can the Minister explain how bondholders are to be treated in the regime that we are discussing?
Lord Myners | 706 c1158-60 (Link to this contribution) Some of our earlier discussions, in particular the probing by the noble Lord, Lord Higgins, on objec...
Lord Myners | 706 c1160 (Link to this contribution) Bondholders, where they exist, will be treated according to their ranking in the liability structure...
Lord Howard of Rising | 706 c1160-1 (Link to this contribution) Amendment 14 14: Clause 4, page 3, line 24, at end insert— ““( ) Objective 6 is to avoid the disto...
Lord Howard of Rising | 706 c1157 (Link to this contribution) I thank the Minister for his remarks, but I must point out that monitoring something is not the same...
Lord Myners | 706 c1157 (Link to this contribution) Amendment 12 proposes that we include in the SRR objectives that expenditure of public and private f...
Lord Howard of Rising | 706 c1158 (Link to this contribution) Amendment 13 13: Clause 4, page 3, line 24, at end insert— ““( ) Objective 6 is to protect the int...
Baroness Noakes | 706 c1168-9 (Link to this contribution) Amendment 17 17: Clause 5, page 3, line 33, at end insert— ““( ) the meaning of the stability of t...
Lord Myners | 706 c1167-8 (Link to this contribution) We will have to move on fairly soon, but this is a subject of considerable interest to me, so I am p...
Lord Davies of Oldham | 706 c1170 (Link to this contribution) There is always the question of the courts and the proper action of the authorities when it comes to...
Lord Davies of Oldham | 706 c1169-70 (Link to this contribution) I am grateful for the constructive way in which the noble Baroness has presented her amendment. Ther...
Lord Eatwell | 706 c1170 (Link to this contribution) I support the position which my noble friend on the Front Bench has taken. I argued at Second Readin...
Baroness Noakes | 706 c1171-2 (Link to this contribution) Amendment 19 19: Clause 5, page 3, line 37, at end insert— ““( ) how to determine whether Conditio...
Baroness Noakes | 706 c1170-1 (Link to this contribution) The Minister does not really surprise me, because I know that Ministers like to resist all amendment...
Viscount Eccles | 706 c1172-3 (Link to this contribution) I support my noble friend Lady Noakes. The draft code of practice says that the FSA will be responsi...
Lord Davies of Oldham | 706 c1173-4 (Link to this contribution) I shall ask the noble Baroness to withdraw her amendment because we think that this is a case of ove...
Baroness Noakes | 706 c1174 (Link to this contribution) I thank my noble friend Lord Eccles for his support. We on these Benches are not entirely sure that ...
Lord Eatwell | 706 c1174-5 (Link to this contribution) Amendment 20 20: Clause 5, page 4, line 4, leave out subsection (4) and insert— ““(4) The code sha...
Viscount Ullswater | 706 c1175 (Link to this contribution) I must advise the Committee that if this amendment is agreed to, I shall not be able to call Amendme...
Lord Howard of Rising | 706 c1175 (Link to this contribution) I shall speak also to Amendment 21. However, Amendment 20, moved by the noble Lord, Lord Eatwell, is...
Lord Higgins | 706 c1176 (Link to this contribution) With regard to Amendment 20, I presume that the argument for the code is that it is comparatively fl...
Lord Newby | 706 c1176 (Link to this contribution) I agree with everyone who has already spoken in this debate that the phrase ““have regard to”” is ju...
Viscount Eccles | 706 c1176 (Link to this contribution) I wonder whether the noble Lord, Lord Eatwell, would make more progress if he concentrated on the se...
Lord Newby | 706 c1120 (Link to this contribution) We have some sympathy with the amendments. We were not as critical as the noble Baroness about the u...
Baroness Noakes | 706 c1117-20 (Link to this contribution) Clause 1: Overview Amendment 1 1: Clause 1, page 1, line 5, after ““banks”” insert ““and foreign...
Lord Eatwell | 706 c1124 (Link to this contribution) An important element of my noble friend’s reply to the noble Baroness, Lady Noakes, was that by acce...
Lord Myners | 706 c1124-5 (Link to this contribution) My noble friend speaks with considerable knowledge of this subject. However, there is the counter-vi...
Lord Campbell-Savours | 706 c1124 (Link to this contribution) My noble friend knows that I am married to an Icelander and that I am in regular contact with my fam...
Lord Myners | 706 c1124 (Link to this contribution) I am not sure how my noble friend came to the conclusion that we gave an indication or undertaking t...
Lord Newton of Braintree | 706 c1120 (Link to this contribution) I had not intended to intervene in this debate, but in view of the kindly remarks uttered by my nobl...
Lord Higgins | 706 c1123-4 (Link to this contribution) In answer to the question posed by the noble Lord, Lord Stewartby, about definition, the Minister im...
Lord Myners | 706 c1124 (Link to this contribution) I thank the noble Lord, Lord Higgins, for pointing out the inexactitude of my reply to the question ...
Lord Stewartby | 706 c1120-1 (Link to this contribution) I intervene only very briefly to ask the Minister to explain the definition of a UK institution, bec...
Lord Myners | 706 c1121-3 (Link to this contribution) I start by noting the political good will to which the noble Baroness, Lady Noakes, referred. I am v...
Baroness Noakes | 706 c1128-30 (Link to this contribution) Amendment 4 4: Clause 1, page 2, line 2, at end insert— ““( ) If there is any conflict between the...
Lord Newby | 706 c1130 (Link to this contribution) As the noble Baroness says, this is a sophisticated not to say complicated Bill which assigns within...
Lord Northbrook | 706 c1130 (Link to this contribution) I rise to say a few words on the amendment of my noble friend Lady Noakes. It is quite clear that th...
Lord Bridges | 706 c1125 (Link to this contribution) Perhaps I may add a word to reflect a different point of view. I am a trustee of a charitable trust ...
Lord Myners | 706 c1125 (Link to this contribution) The noble Lord may be aware that I have expressed sympathy for the position of the people of Iceland...
Lord Bridges | 706 c1125 (Link to this contribution) The difficulty persists that we were justified in what we were doing but a foreign Government with w...
Lord Sentamu | 706 c1125-6 (Link to this contribution) The law is there to express an intention. Suppose the Bill were about shipbuilding, and we knew that...
Lord Myners | 706 c1126 (Link to this contribution) I support the sentiment expressed by the noble Lord, Lord Bridges, in respect of Iceland. If there w...
Baroness Noakes | 706 c1126-7 (Link to this contribution) I thank all noble Lords who have spoken in this important debate, which covered not only the topic c...
Baroness Noakes | 706 c1134-5 (Link to this contribution) As we say in Committee, I shall have to read that in Hansard. Perhaps I could respond more generally...
Baroness Noakes | 706 c1134 (Link to this contribution) Before I move on to more general points, I want to come back to the Minister on that point. The cond...
Lord Myners | 706 c1134 (Link to this contribution) I am disappointed that I did not pass the test. Where the bank or the FSA applies to have a bank pla...
Baroness Noakes | 706 c1133 (Link to this contribution) For the sake of the whole Committee, perhaps the Minister might expand on the way in which he respon...
Lord Myners | 706 c1133-4 (Link to this contribution) I beg the Committee’s indulgence in allowing me to come back to that point in a moment. I also do n...
Lord Lamont of Lerwick | 706 c1132-3 (Link to this contribution) I wish to ask the noble Lord a question on that point. I am sure that he will know the answer immedi...
Lord Myners | 706 c1133 (Link to this contribution) The noble Lord, Lord Lamont, answered his own question in his final comment. As I was saying, the FS...
Lord Mackay of Clashfern | 706 c1131 (Link to this contribution) I would have thought it a necessary condition of an effective organisation that the buck should stop...
Lord Myners | 706 c1132 (Link to this contribution) As this is my first experience of taking a Bill through Committee, I shall endeavour in my response ...
Lord Stewartby | 706 c1130-1 (Link to this contribution) On the comment made by the noble Lord, Lord Newby, about whether it is a good thing to spell out blu...
Lord Sentamu | 706 c1131 (Link to this contribution) Before other banks came into being, only the Bank of England was entitled to introduce legal tender....
Lord Newby | 706 c1136-7 (Link to this contribution) I agree with the noble Baroness to the extent that I consider the word ““temporary”” to be unaccepta...
Lord Blackwell | 706 c1137 (Link to this contribution) I have some sympathy with my noble friend’s amendment but, like the noble Lord, Lord Newby, I wonder...
Lord Eatwell | 706 c1137 (Link to this contribution) The noble Lord, Lord Blackwell, is right that the use of ““temporary”” is a declaration of intent ra...
Lord Higgins | 706 c1137 (Link to this contribution) The point that has just been made is important. I agree that setting a specific time period is not s...
Lord Myners | 706 c1135 (Link to this contribution) I thank my noble friend for giving me notice of that question. I will reflect on whether that is nec...
Baroness Noakes | 706 c1135-6 (Link to this contribution) Clause 3: Interpretation: other expressions Amendment 7 7: Clause 3, page 3, line 4, at end inse...
Baroness Noakes | 706 c1206 (Link to this contribution) I apologise to the Minister for being slightly more preoccupied with what our ““target amendment”” o...
Lord Myners | 706 c1206 (Link to this contribution) I am advised that the authorities and those who would be involved in implementing and making judgmen...
Viscount Eccles | 706 c1206 (Link to this contribution) Clause 247 is dependent on the Treasury laying an order subject to negative resolution and there is ...
Lord Myners | 706 c1205-6 (Link to this contribution) The noble Viscount, Lord Eccles, raises a question which I shall deal with in a moment. Amendments 2...
Lord Myners | 706 c1208-10 (Link to this contribution) Amendment No. 29 would require the Treasury to lay a report before Parliament addressing various asp...
Lord Howard of Rising | 706 c1207 (Link to this contribution) Amendment 29 29: After Clause 7, insert the following new Clause— ““Report on use of stabilisation...
Viscount Eccles | 706 c1205 (Link to this contribution) Would loan guarantees count as financial assistance? If so, we are moving into a period when there w...
Baroness Noakes | 706 c1204-5 (Link to this contribution) Amendment 26 26: Clause 7, page 4, line 31, leave out subsection (4) Let us see if I have a cont...
Lord Newby | 706 c1201-2 (Link to this contribution) Given the reluctance with which the Government have exercised the powers under the banking special p...
Lord Myners | 706 c1203 (Link to this contribution) It would be unwise for me to go further in that regard. Should it ever become necessary for the cour...
Lord Higgins | 706 c1203 (Link to this contribution) Am I wrong in thinking that the expression the Minister used—““balance of probability””— effectively...
Baroness Noakes | 706 c1203-4 (Link to this contribution) I thank the noble Lord, Lord Newby, and my noble friend Lord Higgins for taking part in this importa...
Lord Newby | 706 c1203 (Link to this contribution) The Minister has demonstrated the point that I made at the beginning of my intervention. His definit...
Baroness Noakes | 706 c1204 (Link to this contribution) I must learn to fight back more often. With such a gracious offer from the Minister I am of course p...
Lord Myners | 706 c1204 (Link to this contribution) The noble Baroness makes her points very well, as have other noble Lords. If she withdraws her amend...
Baroness Noakes | 706 c1214 (Link to this contribution) Without wishing to prejudge any debates that we might have on Report, I say for the Minister’s benef...
Lord Davies of Oldham | 706 c1214 (Link to this contribution) I am grateful to the noble Baroness. I think that we have got the Bill right and I shall defend what...
Baroness Noakes | 706 c1214 (Link to this contribution) I thank the Minister for those remarks. I think that we are at one in saying that temporary public o...
Lord Davies of Oldham | 706 c1213-4 (Link to this contribution) The point that I wanted to make to the noble Lord was that that was only one of the conditions. It c...
Lord Davies of Oldham | 706 c1212-3 (Link to this contribution) Not for the first time the noble Viscount, Lord Eccles, has brought us down with a bump to the reali...
Viscount Eccles | 706 c1211-2 (Link to this contribution) I am not sure that we are being entirely realistic about temporary public ownership. If we go by exp...
Lord Higgins | 706 c1213 (Link to this contribution) Perhaps I may add to that, because I am looking more carefully at Clause 9. Is the effect of conditi...
Baroness Noakes | 706 c1213 (Link to this contribution) Let me put a simple question to the Minister. If the FSA has satisfied itself that the stabilisation...
Lord Howard of Rising | 706 c1210 (Link to this contribution) The Minister should not worry about it. The FSA may have published information in the past but that...
Lord Higgins | 706 c1211 (Link to this contribution) I can see why my noble friend feels the inclusion of ““last resort”” in the Bill is not desirable si...
Baroness Noakes | 706 c1210-1 (Link to this contribution) Clause 9: Specific conditions: temporary public ownership Amendment 30 30: Clause 9, page 5, lin...
Lord Myners | 706 c1210 (Link to this contribution) I hope that it will help the noble Lord to regain his compos8ure if I express my apologies.
Lord Howard of Rising | 706 c1210 (Link to this contribution) Well, I was rather looking forward to the sex change; I have never tried it. The Minister has floore...
Lord Higgins | 706 c1201 (Link to this contribution) In any legislation of this complexity one always reaches a point where one believes that the parliam...
Baroness Noakes | 706 c1199-201 (Link to this contribution) Clause 7: General conditions Amendment 25 25: Clause 7, page 4, line 28, leave out ““not reasona...
Lord Davies of Oldham | 706 c1199 (Link to this contribution) I will not hear any offer proffered from the opposition Front Benches without saying that I will con...
Baroness Noakes | 706 c1199 (Link to this contribution) The Minister's response surprised me not at all. I was grateful for the support from my noble friend...
Lord Davies of Oldham | 706 c1198-9 (Link to this contribution) I would be the last person to deny the opportunity for the noble Viscount, Lord Eccles, to participa...
Baroness Noakes | 706 c1199 (Link to this contribution) I will make the Minister an offer. How about the negative procedure?
Lord Stewartby | 706 c1198 (Link to this contribution) This code of practice is very important and is subject to substantial, or even complete, rewriting w...
Viscount Eccles | 706 c1198 (Link to this contribution) One of the problems with the code is that it raises a lot of controversial issues and does not have ...
Lord Higgins | 706 c1197 (Link to this contribution) On the previous amendment, the Minister referred to the code of practice of the Cabinet Office in re...
Baroness Noakes | 706 c1196 (Link to this contribution) As I anticipated, the Government are relying on the Cabinet Office and, indeed, better regulation gu...
Lord Davies of Oldham | 706 c1195-6 (Link to this contribution) I reassure the noble Baroness that this part of the Bill and the areas that relate to the stabilisat...
Baroness Noakes | 706 c1196-7 (Link to this contribution) Amendment 24 24: Clause 6, page 4, line 19, at end insert— ““( ) The code shall not come into for...
Lord Davies of Oldham | 706 c1179 (Link to this contribution) It goes without saying that we always look carefully at these debates. Even if a particular amendmen...
Baroness Noakes | 706 c1194-5 (Link to this contribution) Clause 6: Code of practice: procedure Amendment 22 22: Clause 6, page 4, line 15, at end insert ...
Lord Davies of Oldham | 706 c1176-8 (Link to this contribution) Facing representations on these two amendments from all parts of the Committee, including the Benche...
Lord Higgins | 706 c1178-9 (Link to this contribution) While I agree with what the noble Lord has just said about the legal side, he has misrepresented wha...
Lord Higgins | 706 c1155-6 (Link to this contribution) I shall intervene for a moment, because I am not entirely happy with the noble Lord’s answer. On the...
Lord Eatwell | 706 c1179 (Link to this contribution) I am grateful to my noble friend Lord Davies of Oldham for the comprehensive discussion of the amend...
Baroness Noakes | 706 c1148 (Link to this contribution) We have had an interesting and wide-ranging debate on the amendments. The Minister said that my Amen...
Lord Stewartby | 706 c1150 (Link to this contribution) I suggest to the noble Lord that he is going to have to accept this provision sooner or later; it wo...
Lord Turnbull | 706 c1138 (Link to this contribution) We are having a semantic debate about ““temporary””, but it seems to be based on an assumption that ...
Lord Howard of Rising | 706 c1160 (Link to this contribution) Again, I thank the Minister for his comments. It is disappointing that he should so often express sy...
Viscount Eccles | 706 c1170 (Link to this contribution) I agree with the argument, but am I right that if it is a condition of doing something that you can ...
Lord Myners | 706 c1202-3 (Link to this contribution) The noble Baroness has added yet another talent to the many she has and will thus increase the admir...
Lord Blackwell | 706 c1142-3 (Link to this contribution) The Bill states: "““Objective 5 is to avoid interfering with property rights””." Clause 4(9) states...
Lord Myners | 706 c1145 (Link to this contribution) I believe that that is the intention.
Viscount Eccles | 706 c1137-8 (Link to this contribution) Apart from the intention, it is important to declare how that intention is being pursued, and presum...
Lord Eatwell | 706 c1135 (Link to this contribution) Clause 2: Interpretation: "bank" Debate on whether Clause 2 should stand part of the Bill I am r...
Lord Newby | 706 c1207-8 (Link to this contribution) This amendment raises the tricky question of what the Government say when they are exercising this r...
Subjects
Disclosure of information Codes of practice Accountability Administration Assets Bank services Banks Credit unions Building societies Bank of England Deposits Financial institutions Insolvency Legislation Government assistance Financial Services Authority Financial markets Foreign companies Protection Public sector Public expenditure Nationalisation Terrorism Regulation Shareholders Treasury Financial Services Compensation Scheme Northern Rock Freezing of assets
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Parliamentary proceeding on www.publications.parliament.uk