The Minister said that the powers have not changed, but would he agree that who exercises the powers has changed significantly? Officials had no opportunity to exercise those powers; they were the powers only of non-executive directors. Now they can be easily exercised by the officials plus one NED.
Bank of England and Financial Services Bill [HL]
Proceeding contribution from
Baroness Kramer
(Liberal Democrat)
in the House of Lords on Monday, 9 November 2015.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Bank of England and Financial Services Bill [HL].
Type
Proceeding contribution
Reference
765 c1876
Session
2015-16
Chamber / Committee
House of Lords chamber
Librarians' tools
Timestamp
2015-11-11 10:45:25 +0000
URI
http://hansard.intranet.data.parliament.uk/Lords/2015-11-09/1511093000200
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