Am I right, therefore, that anybody looking at the Bill would not know that it had anything to do with LIBOR? I am pretty sure that I must be. They will know now, because the Minister has told us, but why does he not then put it in his amendments? What we are discussing is a badly drafted Bill that could be improved if it merely contained the sentence, “The object of all of this is to deal with the LIBOR problem”, and he could then deal with it via secondary legislation. No one would have known about any of that until we had this debate in your Lordships’ House—which is why we are here, I suppose.
Financial Services Bill
Proceeding contribution from
Lord Peston
(Labour)
in the House of Lords on Tuesday, 20 November 2012.
It occurred during Debate on bills on Financial Services Bill.
Type
Proceeding contribution
Reference
740 c1748 
Session
2012-13
Chamber / Committee
House of Lords chamber
Librarians' tools
Timestamp
2023-11-26 10:26:55 +0000
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