UK Parliament / Open data

Banking Reform

Proceeding contribution from Lord Higgins (Conservative) in the House of Lords on Monday, 4 February 2013. It occurred during Ministerial statement on Banking Reform.

My Lords, some aspects of this answer are certainly welcome, not least in respect of speeding up the clearing of cheques and so on. However, can my noble friend be a little clearer on precisely what the situation is? Are the Government coming down in favour of a ring-fenced arrangement, which will be electrified? If so, is it not important that we electrify the loopholes as well as the ring-fence? Can he make it clear, if the system really is effective, how the position of a bank operating under it will be any different from having a split between the two sides of the bank?

Type
Proceeding contribution
Reference
743 c35 
Session
2012-13
Chamber / Committee
House of Lords chamber
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