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Clause, by leave, withdrawn.
Financial Services Bill
Proceeding contribution from
Lord Tyrie
(Conservative)
in the House of Commons on Monday, 23 April 2012.
It occurred during Debate on bills on Financial Services Bill.
Type
Proceeding contribution
Reference
543 c767-8 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2023-12-15 16:57:23 +0000
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_824738
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_824738
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_824738