The Minister cites fraud as an example of an area where the threshold conditions could be breached and the FSA could intervene. The threshold conditions are designed to determine whether businesses should become regulated. If he is trying to broaden out the basis on which the FSA should intervene beyond the threshold conditions in the legislation, the Government need to be much clearer about that than they are being in the Bill's drafting. Is he making an argument that the potential triggers could go beyond the conditions that a bank has to satisfy to be regulated?
Banking Bill
Proceeding contribution from
Mark Hoban
(Conservative)
in the House of Commons on Wednesday, 26 November 2008.
It occurred during Debate on bills on Banking Bill.
Type
Proceeding contribution
Reference
483 c819
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 23:18:20 +0000
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