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Ministerial statement on Monday, 19 December 2011, in the House of Lords, led by Lord Sassoon.


Independent Commission on Banking

Lords statement on the government response to the recommendations of the Independent Commission on Banking.


Secondary information

Type
Parliamentary proceeding
Reference
733 c1600-13 
Session
2010-12
Department
Treasury
Chamber / Committee
House of Lords chamber
Related items
Proceeding contributions
Lord Sassoon | 733 c1607-8 (Link to this contribution) My Lords, I suppose I should be grateful that we got one cheer from the noble Lord, Lord Eatwell, wh...
Lord Newby | 733 c1608 (Link to this contribution) My Lords, I warmly welcome these proposals because we have been advocating many of them for a number...
Show all contributions (23)
Lord Sassoon | 733 c1600-4 (Link to this contribution) My Lords, I shall now repeat a Statement made in another place today by my right honourable friend t...
Lord Eatwell | 733 c1604-7 (Link to this contribution) My Lords, I am most grateful to the noble Lord for repeating the Statement made by the Chancellor of...
Lord Sassoon | 733 c1610 (Link to this contribution) My Lords, I well recognise the consistency, firmness and clarity with which my noble friend has held...
Lord Lawson of Blaby | 733 c1609 (Link to this contribution) My Lords, I warmly welcome the Government’s determination to press ahead without equivocation with t...
Lord McFall of Alcluith | 733 c1610 (Link to this contribution) My Lords, when Sir John Vickers appeared before the Draft Financial Services Bill Joint Committee, i...
Lord Sassoon | 733 c1610 (Link to this contribution) My Lords, I can confirm to the noble Lord, Lord McFall of Alcluith, that the Joint Committee’s repor...
Lord Higgins | 733 c1610-1 (Link to this contribution) My Lords, the report by the ICB is very large, comprehensive and detailed. It says that it would be ...
Lord Sassoon | 733 c1611 (Link to this contribution) My Lords, on the tightening up of Basel III, as my noble friend puts it, the provisions around loss ...
Lord Lea of Crondall | 733 c1611 (Link to this contribution) My Lords, is this what one might call the final stage in a number of statements about reform of the ...
Lord Sassoon | 733 c1611 (Link to this contribution) My Lords, the report today is a response to the Vickers commission’s work on the structure of bankin...
Lord Sassoon | 733 c1612 (Link to this contribution) My Lords, I am sure that there will be other occasions and places in which to discuss the Joint Comm...
Lord Hamilton of Epsom | 733 c1612 (Link to this contribution) My Lords, like my noble friend Lord Lawson, I shall sleep at night only when retail banks and invest...
Lord Sassoon | 733 c1612 (Link to this contribution) My Lords, the ICB estimates that the increased cost of borrowing could be of the order of 0.09 per c...
Lord Newton of Braintree | 733 c1612 (Link to this contribution) My Lords, I have two quick questions. First, is there any estimate or expectation of a rise in the c...
Lord Sassoon | 733 c1613 (Link to this contribution) I agree with my noble friend’s sentiments on costs and I have stressed in the Statement that the pos...
Lord Sassoon | 733 c1613 (Link to this contribution) First, I do not accept that the Government’s logic drives towards complete separation any more than ...
Lord MacGregor of Pulham Market | 733 c1613 (Link to this contribution) My Lords, in the recent hearings of the Select Committee on Economic Affairs, the banks accepted tha...
Lord Hollick | 733 c1613 (Link to this contribution) My Lords, I welcome the Government’s response. It is an important step, but only a first step, to wh...
Lord Sassoon | 733 c1609 (Link to this contribution) My Lords, I am grateful to my noble friend for welcoming the Government’s response to the ICB. On hi...
Lord Stewartby | 733 c1611-2 (Link to this contribution) My Lords, will my noble friend say something about supervision and where it fits into this very comp...
Lord Sassoon | 733 c1612 (Link to this contribution) My Lords, as I have said, the way that the governance will work is that the ring-fenced subsidiary w...
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
Contains statistics
Yes
Link
View this Parliamentary proceeding on www.publications.parliament.uk