I understand that a wide range of options was considered, but it was the determination of the FSA over that weekend that Bradford & Bingley no longer met its threshold conditions and therefore would not have been allowed to take deposits on the Monday.
As I said in my opening remarks, I am sure there are a number of points that I have failed to cover. If that is the case, I will ensure that the Committee receives full written responses.
Motion agreed.
Kaupthing Singer & Friedlander Limited (Determination of Compensation) Order 2008
Proceeding contribution from
Lord Myners
(Labour)
in the House of Lords on Monday, 15 December 2008.
It occurred during Debates on delegated legislation on Kaupthing Singer & Friedlander Limited (Determination of Compensation) Order 2008.
Type
Proceeding contribution
Reference
706 c18GC 
Session
2008-09
Chamber / Committee
House of Lords Grand Committee
Subjects
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Timestamp
2024-04-22 02:13:04 +0100
URI
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