I do not have a number in mind. This is a newly created facility, which we have to explore. As there has not been a previous example of a bank like this being created in the UK, there is no precedent on which to draw. Perhaps we could look overseas. We have had examples cited from Germany; there are similar banks in Portugal, Spain and Holland; and the Australians are in the process of setting up their own investment vehicle. I do not have an answer, but I am sure that, with some study, the department could provide us with some guidelines or some examples from overseas.
Enterprise and Regulatory Reform Bill
Proceeding contribution from
Baroness Worthington
(Labour)
in the House of Lords on Monday, 3 December 2012.
It occurred during Debate on bills
and
Committee proceeding on Enterprise and Regulatory Reform Bill.
Type
Proceeding contribution
Reference
741 c166GC 
Session
2012-13
Chamber / Committee
House of Lords Grand Committee
Subjects
Librarians' tools
Timestamp
2023-11-26 10:36:54 +0000
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